Applying for Help to Buy: Equity Loan

There are several steps you will need to go through to buy a home with a Help to Buy: Equity Loan. The information below provides an overview. More detailed information is available in the Help to Buy buyer's guide.

1. Find your new home

Find a new-build home with a house builder (sometimes called a developer) registered to offer properties for sale through Help to Buy. If you have not yet found a home, you can use our property search.

Please be aware the property search results do not list every home available and are specific to the geographical area we cover. If you are searching for something specific please contact us for more information. 

2. Complete a property reservation form

Reserve your home with the house builder. You will need to complete a property reservation form and will normally pay a reservation fee, up to a maximum of £500.

3. Seek professional advice

Seek professional support from a financial advisor or mortgage advisor to confirm what you can afford to borrow, without over-stretching yourself.

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

4. Complete a Property Information Form 

You will need to complete a Property Information Form as part of the application process.

This form confirms the property details, important dates, and agreement that the equity loan funds are paid directly to the house builder.

It’s important that you complete the Property Information Form carefully and check that all the details are correct before you submit it. Any mistakes could lead to delays in the home buying process.

Please return your completed form to: EquityLoan@helptobuyagent2.org.uk.

Your Help to Buy agent will review the details you provide on the Property Information Form. They will confirm you are eligible for the equity loan scheme, that you can afford the repayments, and then issue an Authority to Proceed (ATP).

An ATP means that a broker or financial advisor is able to complete a full mortgage application for you and you can progress with your purchase.

5. Arrange funding  

You will need to:

  • arrange a mortgage through a broker or financial advisor
  • be able to pay a 5% deposit on exchange of contracts
  • pay any other applicable fees on completion (such as stamp duty, legal charges, moving costs and any costs associated with your mortgage).

6. Exchange of contracts 

Your solicitor or conveyancer will advise you and ensure you sign the sale contract and the Help to Buy: Equity Loan contract.

They will also check that your mortgage offer, the property price, and available funds are the same as the details given in the Authority to Proceed, before they request permission to exchange contracts from your Help to Buy agent.

The Help to Buy agent will issue approval, known as an Authority to Exchange (ATE), to your solicitor or conveyancer so that contracts can be exchanged.

More information about Help to Buy: Equity Loan

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