Buying options

As a Help to Buy agent, we help to deliver two separate schemes:

  • Help to Buy: Equity Loan
  • Shared ownership
The schemes are run by the government. They are designed to make it more affordable for people to own their own homes.

Help to Buy: Equity Loan

Help to Buy: Equity Loan is a government scheme that allows you to borrow a low-interest loan to put towards the cost of purchasing a newly built home.

The equity loan is for the value of up to 20% of the purchase price for homes that are outside of London. For homes inside London, the equity loan is up to 40% of the purchase price.

You add the equity loan to the deposit you have saved and to the amount you need to borrow on a repayment mortgage. Together these cover the total cost of buying your newly built home.

Learn more about Help to Buy: Equity Loan

Shared ownership

Shared ownership helps you to buy a home if you cannot afford all of the deposit and mortgage payments for a home that meets your needs. You buy a share between 10% and 75% of the home’s full market value, and pay rent on the remaining share.

Most shared ownership homes require an initial share purchase between 25% and 75%. When homes are available for sale under the new model for shared ownership, shares will be available from 10%. A limited number of these homes will be available in 2021. More will become available from 2022 onwards.

There are shared ownership schemes designed for specific groups of people:

  •  Older people’s shared ownership (OPSO)
  • Home ownership for people with a long-term disability (HOLD)
Learn more about shared ownership

Please remember, your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured against it.

Please note: If you want to apply for shared ownership in London, please visit Homes for Londoners.

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