Help to Buy

What is Help to Buy

What is Help to Buy?

Help to Buy is a scheme created by the Government to help people purchase their own home. We know that once you’ve found your dream home, trying to save for a deposit can be frustrating – that’s why we’re pleased to offer many of our Legal & General Homes properties under the Government’s Help to Buy scheme.

Through Help to Buy, you can apply for an equity loan of up to 20% on any new build home valued up to £600,000 and you can secure a property with a deposit of just 5% of the purchase price. You won’t be charged fees on the 20% loan for the first five years of owning your home.

We’ll help you on your way by providing details of specialist independent financial advisors (IFA) to check you meet the criteria for the scheme and also work with your Help to Buy agent, so you can purchase your perfect home – relieving some of the pressure and allowing you to focus on other things.

Will I Be Eligible


To qualify for Help to Buy, your chosen home can be up to £600,000 and you need to have a deposit of at least 5% of the price. The property you’re buying must be your only home – it can’t be a home you’re planning to rent out. Similarly, you can’t rent out your existing property and buy another using Help to Buy.

How the numbers add up

With a Help to Buy Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.
Once your mortgage has been approved, your Help to Buy agent will supply an equity loan of up to 20% to finalise the purchase of your home.

For example, when buying a home worth £300,000, you would need:

  • 5% Deposit – £15,000
  • 20% Equity Loan – £60,000
  • 75% Mortgage – £225,000

Help to Buy Calculator

I would like to buy a house for

min £80,000 max £600,000
Enter a house price

My Help to Buy Requirements:

deposit £14,000 5%
equity loan £56,000 20%
mortgage £210,000 75%

What's Involved

What’s involved?

  1. Choose your new home (Maximum purchase price of £600,000)
  2. A financial advisor or a Help to Buy Agent can take you through the pre-qualification process.
  3. Subject to approval, the Government will lend you up to 20% of the purchase price through an equity loan.
  4. 5% Deposit – 20% Equity Loan – 75% Mortage
  5. You’ll need to pay a reservation fee to secure your home.
  6. The legal process begins to secure your new home.

How does it work?

Once you’ve been to see us and chosen your Legal & General Homes property, you’ll need to get in touch with a Help to Buy agent who will confirm whether you meet the criteria for the scheme and assist you throughout the process of buying your new home – your Legal & General Homes team and your IFA can help you with this.

Then, you can complete a full reservation on your new home with a £500 fully refundable deposit (up until exchange), which allows us to hold the property until your paperwork for a Help to Buy application has been approved.

We’ll send a copy of your reservation form to your IFA who will help you fill out a Property Information Form for the equity loan application. Upon successful application, your Help to Buy agent will provide an Authority To Proceed letter – this allows us to process your reservation and work with you towards the exchange of contracts.

Further Information

Further information

If you would like more information then why not speak to one of our sales team – you can meet with them in person at one of our Visitors Centres.

Help to Buy is a Government scheme and you can also find up-to-date information on their website, as well as using it to search for Help to Buy agents in your area.