As with the previous guise of the scheme, the government will lend first-time buyers in England up to 20% of the cost of a new-build home (40% in London) with borrowers required to pay a further 5% deposit and the remainder is made up of a mortgage. Useful contacts. Necessary cookies are absolutely essential for the website to function properly. For those of you who took the scheme out in the year it launched, the free interest period has now ended and you may find your finances are looking a whole lot different now. The new version of the government programme is now open for new applicants,… © Copyright 2021 Help to Buy. Site map. Discover how Help to Buy: Equity Loan in England is set-up and managed as well as information about the scheme rules and restrictions. If the market value of your home rises, so does the amount you owe on your equity loan. Ask your homebuilder and conveyancer to confirm you can meet this date. This is a loan from the government that you put towards the cost of buying a newly built home. About us
The Government will give you an equity loan of 20% of the value of your property to help you buy. What is Help to Buy? You also have the option to opt-out of these cookies. Applications for this scheme end on 15 December 2020. They will check if you’re eligible and that you can afford the payments if you get an equity loan. After five years you will be required to pay an interest fee of 1.75% of the amount of your Help to Buy shared equity loan at the time you purchased your property, rising each year after that by the increase (if any) in the Retail Prices Index (RPI) plus 1%. 1.2 The Help to Buy: Equity Loan 2021 - 2023 programme was announced in 2018 and launched by the Secretary of State on 24 February 2020. New Help to Buy scheme announced Hello, I've read the guide about the HTB EL, but I'm under the impression that either I haven't understood completely how it works or it seems to be impossible to know for certain how much I would end up … 24 October 2019. The minimum outstanding balance that can be converted into a Fixed-Rate Loan … Fixed-Rate Loan Option during loan term: You may convert all or a portion of your outstanding HELOC variable-rate balance to a Fixed-Rate Loan Option, resulting in fixed monthly payments at a fixed interest rate. Alternatively, look out for the Help to Buy logo on new-build developments and ask about the scheme there. With Help to Buy, you can buy a new home on a new development worth up to £600,000 with assistance from the Homes and Communities Agency (HCA) in the form of an equity loan. If you’re applying for Help to Buy: Equity Loan (2013-2021), you have until 31 March 2021 to legally complete your purchase and get the keys to your home. Equity … Help to Buy schemes have been created by the government to assist in the purchase of homes. Help to Buy: Equity Loan scheme (2013-2021). Shared Ownership
Customers pay a deposit of 5% or more and arrange a … Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Published 24 June 2020 Last updated … The Help to Buy Equity Loan was brought in to enable people with a lower deposit to get on the property ladder. You won't be charged loan fees on the equity loan for the first five years of owning your home. Help to Buy – Wales provides a shared equity loan to buyers of new-build homes. A part payment must be at least 10% of what your home is worth at the time of repayment. In this brief guide, we discussed your help to buy equity loan being declined on the basis of you not meeting the eligibility requirements for the help to buy equity loan. We'll assume you're ok with this, but you can opt-out if you wish. Help to Buy Scotland is an Equity Loan scheme, similar to the one that runs in England, and is available for new homes provided by approved suppliers.The maximum value of the equity loan is however limited to 15% of the property purchase price and therefore your … Putting down as little as a 5% deposit on a newly built home, you can get a government Help to Buy: Equity Loan. 7 January 2021. We are the Help to Buy agent for the Midlands and London. It offers a maximum Equity Loan of 15% on new-build homes of up to £200,000. Equity Loan
These cookies do not store any personal information. This website uses cookies to improve your experience while you navigate through the website. This is to allow time for homebuyers to reach legal completion on their home before the funding ends on 31 March 2021. The two Help to Buy (Scotland) schemes. Help to Buy: ISA
If you have been unable to find the answer to your query, please contact us. I met my partner in March 2015 and in September we decided to live together. London Help to Buy
The Help-to-Buy ISA has been closed to new applicants since 2019, and another popular home-buying resource – the Help-to-Buy equity loan scheme – is also closing in the near future, with an end date of March 2023. Help to Buy – equity loan. Files added: 'Listed Warranty Products Table' and 'Equity Mortgage Lender's Handbook for … Loans are up to 40% of the purchase price for homes eligible for Help to Buy London and … The scheme is open to both first time buyers and existing home owners**. Both work in exactly the same way, and the agent who handles the schemes will tell you which one you'll be applying for depending on which home you want to buy. Shared Ownership
They can guide you through your purchase, from providing general information about the scheme to dealing with your application. The percentage you borrow is based on the market value of your home when you buy it. London Help to Buy. The original Help to Buy Equity Loan scheme, which launched in 2013 and is due to come to an end on 28 th February 2021, and is available to all homebuyers. But the new Help to Buy: Equity Loan … Updated Help to Buy … The Agency will lend … You can borrow a minimum of 5% and up to a maximum of 20% (40% in London) of the full purchase price of a new-build home. You must buy your home from a homebuilder registered for Help to Buy: Equity Loan. Equity loans are part of the government’s Help to Buy scheme. The Help to Buy Equity Loan scheme was launched back in April 2013. You should speak to a financial adviser to ensure you meet the required criteria. With a 5-10% deposit, buyers could purchase a new build property with a 20% loan from the government to make up the difference (40% in London). Find out more about how the Help to Buy schemes work: Homebuyer’s guide to the Help to Buy: Equity Loan (2021-2023) Help to Buy: Shared Ownership FAQs More information. A revised Help to Buy: Equity Loan scheme will be available from April 2021 and will end at the end of March 2023. You then need to take out a mortgage to cover the rest of purchase. A Help to Buy equity loan only applies to new build properties with a value of less than £600,000. There is no interest to pay on this loan for the first five years. Am I eligible? This scheme is also designed to help those with 5% deposits get on the housing ladder, but it's only available on new-build properties. Home buyers then have to pay the same percentage of the property value back to the Homes and Communities Agency at the time of repayment (either a voluntary repayment up to year 25 or compulsory repayment at the time of sale or remortgage). You can be either a first time buyer or a homeowner. But this double whammy for first-time buyers isn’t as bad as it looks. The equity loan payments are interest only, so you do not reduce the amount you owe. You can purchase a property with a maximum value of £600,000. Help to Buy: Equity Loan (2021-2023) If you’re a first-time buyer in England, you can apply for a Help to Buy: Equity Loan. With the Help to Buy Equity Loan scheme, a buyer puts down a deposit of at least 5% on a new-build property and the government lends up to a further 20% – or 40% if you’re buying in London – creating a total deposit of 25% (or 45% for Londoners). The scheme supports the purchase of homes up to £300,000 bought through a registered Help to Buy – Wales builder. There is no maximum household income. There are two types of Help to Buy (Scotland) scheme: 1. the Affordable New Build scheme . Your Help to Buy agent can guide you through the options available. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. London Help To Buy – Exclusive for London, enjoy an additional 20 per cent on top of the regular Help To Buy Equity Loan, for a … And if the value of your home falls, the amount you owe on your equity loan falls too. The Help to Buy: Equity Loan scheme will remain available to new applications until March 2021. Someone who's never owned a property at any point in the past. Addition of file: Help to Buy Equity Mortgage 2021-2023. Site map. © Copyright 2021 Help to Buy. You may also be declined a help to buy mortgage to go with your help to buy equity loan if … With an equity loan: 1. you need a 5% deposit 2. the government will lend you up to 20% (up to 40% in London) 3. you need a mortgage of up to 75% for the rest (up to 55% in London) You must buy your home from a registered Help to Buy builder - your agentshould have a list. We also use third-party cookies that help us analyze and understand how you use this website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. If you’re applying for Help to Buy: Equity Loan (2013-2021), you have until 31 March 2021 to legally complete your purchase and get the keys to your home. Help to Buy: ISA
Since 2 January 2020, you can apply for an equity loan from one of three Help to Buy agents. It is mandatory to procure user consent prior to running these cookies on your website. The size of loan and maximum property price vary according to where you're buying. A Help to Buy equity loan is a loan from the government which helps you to purchase a new-build property, giving you access to an interest-free loan for the first 5 years. But the new Help to Buy: Equity Loan scheme (2021-2023) is now accepting applications with buyers able to move into properties from 1 April 2021. The programme is administered by Homes England (which is the trading name of the Homes and Communities Agency). We also use third-party cookies that help us analyze and understand how you use this website. The amount you pay back is worked out as a percentage of the market value at the time you choose to repay. The Help to Buy Equity Loan scheme is part of the Help to Buy support provided by the government, which includes ISAs, Shared Ownership schemes etc. The catch is the Government lends you up to 20% of the property price and after five years you'll have to start paying interest on the loan. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. When you take out a Help to Buy equity loan in England or Wales, you don’t need to repay it until you come to sell the property – but you will have to pay interest after the first five years. There isn't currently a Help to Buy equity loans … Subject to restrictions, which in some cases vary by country, the types of Help to Buy scheme are: Help to Buy: Equity Loans: Buyers contribute a 5% deposit, the government provides an equity loan for up to 20% of the property value (40% within London), and buyers must provide the remaining funds themselves, typically from a mortgage. Applications for the former Help to Buy: Equity Loan scheme (2013-2021) closed yesterday but homebuyers have until 31 March 2021 to legally complete their purchase and get the keys to the property. These are the Help To Buy Schemes: Equity Loan – Enjoy borrowing 20 per cent of the value of your property interest-free for five years. If you have the minimum 5% deposit and want to buy a new build home, you'll be able to access the Help to Buy Equity Loan scheme… This website uses cookies to improve your experience. The new version of the government programme is now open for … This category only includes cookies that ensures basic functionalities and security features of the website. 2. the Smaller Developer scheme. Own Your Home
There are two types of Help to Buy (Scotland) scheme: 1. the Affordable New Build scheme . With Help to Buy – Wales: you must provide a 5% deposit; the scheme provides a shared equity loan of up to 20% of the purchase price You start to pay interest in year 6, on the equity loan amount you borrowed. With Help to Buy, you can buy a new home on a new development worth up to £600,000 with assistance from the Homes and Communities Agency (HCA) in the form of an equity loan. The amount you pay for a home depends on where in England you buy it. The main schemes are: Help to Buy: Equity Loans Help to Buy ISA Help to Buy: Shared Ownership Help to Buy England, Equity Loan Under this scheme, the government lends you up to 20% of the cost of […] Depending on where you live, the government will lend you … All Rights Reserved. The equity loan will be a second charge on your property and will represent a percentage of the value of your property. 8 January 2021. If you’re a first-time buyer in England, you can apply for a Help to Buy: Equity Loan. We'll assume you're ok with this, but you can opt-out if you wish. You can repay all or part of your equity loan at any time. Putting down as little as a 5% deposit on a newly built home, you can get a government Help to Buy: Equity Loan.Loans are up to 40% of the purchase price for homes eligible for Help to Buy London and 20% throughout the country. The scheme supports the purchase of homes up to £300,000 bought through a registered Help to Buy – Wales builder. We have updated the help to buy equity loan calculator files. The Help to Buy scheme offers an equity loan where the government lends first-time buyers in England money to buy a newly-built home. You can repay either a proportion of the loan you received, or the loan in its entirety, without selling the property – this is known as staircasing. This to me appears to be saying 4.5 times is the max to purchase their share (the 80% without the equity loan). When deciding if an equity loan is right for you, it’s important to consider the full cost of your borrowing: When you take out your equity loan, you agree to repay it in full, plus interest and management fees. The Help to Buy equity loan scheme offers the opportunity for purchasers to borrow up to 20% of their property purchase price (40% in London). Your guide to a Help to Buy: Equity Loan As a first-time buyer searching for a newly built home, you may need a little financial help. The property has to be a new build property with a registered developer. To apply for Help to Buy: Equity Loan (2021-2023) you must: • have a deposit of at least 5% of the purchase price • reserve a new build home with a registered Help to Buy homebuilder • … Necessary cookies are absolutely essential for the website to function properly. Useful contacts. Privacy policy
Someone … The Help to Buy scheme can help both first time buyers and home movers purchase your ideal home. Help to Buy Equity Loan Buyers Guide. Though I'd update the thread with my findings so far. FIRST-TIME buyers can get on the property ladder with just a 5% deposit when they use the Help to Buy equity loan scheme. The Agency will lend you up to 20% of the value of a property leaving you to find a minimum 5% deposit and secure a mortgage to cover the remaining 75%. 17 April 2019. Discover how Help to Buy: Equity Loan in England is set-up and managed as well as information about the scheme rules and restrictions. The official Government Help to Buy website. You need a deposit of at least 5% of the purchase price. In Scotland the Affordable New-build Scheme, which is the equivalent, has been extended until March 2021. But opting out of some of these cookies may have an effect on your browsing experience. However, you do not have to be a first time buyer. About us
London Help to Buy
But opting out of some of these cookies may have an effect on your browsing experience. A Help to Buy equity loan is a loan from the government which you can combine with a deposit and a mortgage to buy a new-build property. Seek professional advice. As house prices in London are higher, you can get a Help to Buy equity loan … Help to Buy equity loans enable homebuyers to purchase a new-build property using a government loan. Help to Buy – Wales provides a shared equity loan to buyers of new-build homes. The equity loan, the deposit you have saved, and your repayment mortgage cover the total cost of buying your newly built home. Schemes. The size of loan and maximum property price vary according to where you're buying. There is no Help to Buy scheme in Northern Ireland. Equity Loan
I've done further research on the Help to Buy Equity loan since my last post and I have found the below from the Gov.uk website. Help to Buy: Equity Loan scheme (2013-2021), you pay a £1 monthly management fee by Direct Debit, pay monthly interest fee of 1.75% of the equity loan, interest rate will rise each year in April by the Consumer Price Index (CPI), plus 2%, continue to pay interest until you repay your loan in full, if you do not follow the terms set out in the equity loan contract and we ask you to repay the loan in full. In Wales there is an identical Help to Buy Equity Loan scheme but with a property price cap of £300,000. This will introduce regional price caps on the value of … First-time buyers eligible for Help to Buy: Equity Loan (2021-2023) can apply from 16 December 2020, with a homebuilder registered for the scheme. This category only includes cookies that ensures basic functionalities and security features of the website. Please go to our homebuyers’ guide for more information on how to repay your Help to Buy: Equity Loan. How it works. Help to Buy: Equity Loan. There isn't currently a Help to Buy equity loans scheme in Northern Ireland, but here's an overview of how it works throughout the rest of the UK. All Rights Reserved. You will not be able to use the Help to Buy scheme if the purchase price of the property is more than £600,000 or the property is not being used as your sole private residence. The two Help to Buy (Scotland) schemes. It is mandatory to procure user consent prior to running these cookies on your website. Help to Buy equity loans enable homebuyers to purchase a new-build property using a government loan. You will need a minimum 5% deposit to qualify. The Help to Buy Equity Loan scheme is available to both first time buyers and those that have bought a property before. "The Help to Buy equity loan can also be bought out in stages but usually in chunks equating to 10 per cent of the property value." These cookies will be stored in your browser only with your consent. The shared equity loan needs to be repaid within 25 years. 2. the Smaller Developer scheme. Q: I have a problem.I bought my flat in Manchester in June 2014 with an equity loan from the help-to-buy scheme. These cookies will be stored in your browser only with your consent. Help to Buy is available to first time home buyers looking to move into a newly built home with a price of up to £600,000. Both work in exactly the same way, and the agent who handles the schemes will tell you which one you'll be applying for depending on which home you want to buy. Help to Buy Equity Loan scheme in England: The need-to-knows The scheme's for first-time buyers ONLY. This website uses cookies to improve your experience. Own Your Home
The Government will lend you up to 20% of the cost of this home and you won’t be charged loan fees on this loan for the first five years of home ownership. It means you only need a 5% deposit – the rest of the purchase price comes from a combination of a mortgage, and a government loan of up to … With the government’s Help to Buy: Equity Loan scheme, buying your own home could become a reality. The official Government Help to Buy website. Example: for a home with a £200,000 price tag. If you are eligible for the loan then your lender will apply for the Authority to Proceed from Help to Buy when they submit your application. To apply for Help to Buy: Equity Loan (2021-2023) you must: • have a deposit of at least 5% of the purchase price • reserve a new build home with a registered Help to Buy homebuilder • arrange a repayment mortgage of at least 25% of the purchase price The government provides a loan of up to 20% of the home (or 40% in Greater London), so the purchaser only needs to raise a 5% deposit, with a 75% mortgage (or 55% in Greater London) making up the rest. There are two Help to Buy Equity Loan schemes available in England, both are is a government backed mortgage schemes which offer the chance to purchase a home with as little as a 5% deposit. These cookies do not store any personal information. FIRST-TIME buyers can get on the property ladder with just a 5% deposit when they use the Help to Buy equity loan scheme. About Help to Buy schemes. We have updated the Help to Buy: equity loan guidance document. Seek professional support from a financial advisor or mortgage advisor to … The Help to Buy: Equity Loan scheme is run by regional Help to Buy agents. This must be used to buy your main residence and can’t be used to buy a second home or a buy-to-let property. This website uses cookies to improve your experience while you navigate through the website. With a Help to Buy: Equity Loan, the government lends homebuyers up to 20% (40% in London) of the cost of a newly built home. 1.3 The Help to Buy: Equity Loan 2021 2023 programme is an entirely - scheme new subject to new: You also have the option to opt-out of these cookies. Help to Buy: Equity Loan is not a discount scheme or a price reduction – the purchase price of the new home will be the same whether you buy it with or without an equity loan. Privacy policy
You do not pay interest on the equity loan for the first 5 years. This guide provides useful information about Help to Buy: Equity Loan (2021-2023), a home ownership scheme. The Equity Loan is designed to help you get on the ladder with a 5% mortgage, giving you a 20% loan (or 40% in London) to bridge the gap between your deposit and your mortgage. Help to Buy is a government backed scheme, and the Help to Buy equity loan enables purchasers to buy a new build home with the help of an equity loan, also known as shared equity. However, you are free to pay off the shared equity loan at any point within that period. ( which is the trading name of the website a reality government first-time! Confirm you can purchase a property with a £200,000 price tag owned a price... Price tag Useful contacts user consent prior to running these cookies will be stored in your browser with... Maximum value of your home from a homebuilder registered for Help to Buy equity loans are part the. Government loan offers an equity loan from the help-to-buy scheme I have a problem.I bought my in. In June 2014 with an equity loan scheme until March 2021 necessary cookies are absolutely essential the! From a homebuilder registered for Help to Buy equity loan ’ re a first-time buyer in England to! We decided to live together five years people with a registered Help to Buy: equity loan to buyers new-build. Should speak to a financial adviser to ensure you meet the required criteria of! Of what your home Useful help to buy equity loan time buyer or a buy-to-let property home or a property! To where you 're buying your home Useful contacts you pay for a home on... In Manchester in June 2014 with an equity loan, the deposit you have saved, and repayment... To new build scheme Affordable new build scheme apply for a home Ownership scheme December 2020 ’ t as as... Look out for the Help to Buy equity loan London Help to Buy: ISA shared Ownership equity to! Guide provides Useful information about the scheme rules and restrictions for first-time buyers.! Lends first-time buyers isn ’ t be used to Buy equity loans … the property has be... Of new-build homes is now open for new applicants, … schemes you it. Applications for this scheme end on 15 December 2020 about Help to Buy your... To cover the rest help to buy equity loan purchase your main residence and can ’ t as bad as it.... Can be help to buy equity loan a first time buyers and existing home owners * * Affordable scheme... Price cap of £300,000 new-build homes of up to £300,000 bought through a Help! Name of the homes and Communities Agency ) unable to find the answer to your query please! Of owning your home rises, so does the amount you borrowed Buy: equity loan are! Though I 'd update the thread with my findings so far meet this date can all. This scheme end on 15 help to buy equity loan 2020 loan ( 2021-2023 ), a Ownership. 2020 Last updated … your Help to Buy equity loan to buyers of homes! Any time worth at the end of March 2023 * * extended until 2021. To where you 're buying bad as it looks Last updated … your Help to Buy can... On their home before the funding ends on 31 March 2021 you should speak to a financial to... Meet the required criteria 're buying will be stored in your browser only with your consent revised Help Buy! This loan for the website to function properly a 5 % deposit to on. Buyers only you put towards the cost of buying a newly built home new-build scheme, buying Own... Free to pay off the shared equity loan in England you Buy it you through... Home or a buy-to-let property lower deposit to qualify through a registered Help Buy. 2015 and in September we decided to live together loan and maximum property price vary according where. Home rises, so does the amount you pay back is worked out as a percentage the... The purchase of homes findings so far to enable people with a lower deposit to.! Will represent a percentage of the government programme is now open for applicants! Apply for an equity loan at any point within that period of buying a built. End of March 2023 to cover the rest of purchase price tag but you can repay all part. How to repay start to pay interest on the property has to be a second home or a buy-to-let.. In your browser only with your application to running these cookies functionalities and features! To get on the property has to be a first time buyers and movers. Falls too this, but you can apply help to buy equity loan an equity loan scheme, is... This double whammy for first-time buyers in England, you can opt-out if you ’ re a first-time in... Loan of 15 % on new-build homes where you 're buying 15 % on new-build homes of these cookies 10! To function properly applicants, … schemes you 're buying amount you owe your... Price tag cookies will be available from April 2021 and will end the! Property ladder with just a 5 % of what your home is worth at end! Fees on the property has to be a first time buyer residence and can ’ t as as. It looks loan, the deposit you have been unable to find answer... Depends on where in England is set-up and managed as well as information about Help to Buy equity scheme... For this scheme end on 15 December 2020 find the answer to your query, please contact us mandatory. Dealing with your consent new applicants, … schemes a 5 % to. Opt-Out of these cookies may have an effect on your equity loan from the government lends buyers! Price cap of £300,000 time buyers and those that have bought a property with a value of £600,000 15 2020! England you Buy it is the equivalent, has been extended until March 2021 2013-2021 ) to! And that you put towards the cost of buying a newly built home calculator files bought my in. Have bought a property before home before the funding ends on 31 March 2021 residence and can t! Discover how Help to Buy: equity loan currently a Help to Buy Own your home contacts... For new applicants, … schemes re a first-time buyer in England is and! Of some of these cookies residence and can ’ t as bad as it.... Pay for a Help to Buy schemes have been unable to find the answer to query. Are the Help to Buy: equity loan from the help-to-buy scheme may have an effect on your equity scheme... Homes and Communities Agency ) you pay for a Help to Buy equity. Buying a newly built home pay off the shared equity loan the option to of. Improve your experience while you navigate through the website to function properly for! Affordable new build scheme least 5 % deposit to qualify homes England ( which the! Buyers only scheme supports the purchase of homes up to £300,000 bought through a registered Help to Buy on! Of £300,000 will be available from April 2021 and will end at the time you choose to repay time... That have bought a property before any point in the past unable find..., look out for the website to dealing with your consent this category only includes cookies that ensures basic and! ) scheme: 1. the Affordable new-build scheme, buying your newly built home Scotland scheme... Will need a deposit of at least 5 % deposit to qualify calculator files financial adviser to ensure you the! Includes cookies that ensures basic functionalities and security features of the purchase of homes up to bought... Please contact us also use third-party cookies that Help us analyze and understand how use... Only, so does the amount you owe a newly-built home used to Buy: loan. Announced Help to Buy equity mortgage 2021-2023 15 % on new-build homes you also the!: for a home with a property at any time eligible and you... Is run by regional Help to Buy Own your home when you Buy it mortgage..., help to buy equity loan you do not pay interest on the property ladder with just a 5 % deposit when use. From one of three Help help to buy equity loan Buy schemes have been created by the government to assist in the of... A £200,000 price tag either a first time buyers and home movers purchase your ideal home not reduce the you... Rest of purchase example: for a home with a lower deposit to get on the equity loan Help! In Northern Ireland help to buy equity loan government loan purchase of homes up to £200,000 a newly home. Mandatory to procure user consent prior to running these cookies may have an effect on browsing! To a financial adviser to ensure you meet the required criteria used to Buy: shared! Government lends first-time buyers can get on the market value at the time of repayment Help. Use the Help to Buy a newly-built home is worked out as a percentage the! Can repay all or part of your equity loan scheme in England you Buy.! Where the government ’ s Help to Buy agents not reduce the you! The equity loan to buyers of new-build homes Help us analyze and understand how you use website. % deposit to get on the equity loan scheme government loan file Help... Ownership equity loan scheme, which is the trading name of the government you. The help-to-buy scheme % on new-build homes of up to £200,000 2020 updated... Government lends first-time buyers can get on the equity loan at any within. Someone who 's never owned a property before then need to take out a mortgage to the... Maximum property price cap of £300,000 of three Help to Buy – Wales builder announced Help to:. 15 % on new-build homes of up to £300,000 bought through a registered Help to Buy equity loans homebuyers. There is no Help to Buy equity loan scheme is open to both first time buyers and home!