Use Help to Buy (England) to move with Legal & General Homes

The last date homebuyers can reserve homes and apply for the Help to Buy: Equity Loan is 31 October 2022. This should allow enough time for homebuyers to legally buy their homes before the scheme ends on 31 March 2023.

Help to Buy is an equity loan from the Government, enabling first time buyers to obtain a mortgage of between 75% and 85% with as low as a 5% deposit. Interest free for the first five years, you can repay the loan at any time without penalty, or when you sell your home.

Help to Buy is available to first time buyers and it’s subject to eligibility and affordability checks.

In the South East, where we build, the limit is £437,600.

Equity Loan scheme from the Government

How does Help to Buy Work?

With the help of Homes England’s Help to Buy: Equity Loan scheme, you could soon be able to own your own home.

Visit for more information

Help to Buy (England) Calculator

Our Help to Buy mortgage calculator can give you a quick indication of the level of any loan which you may be eligible for under the scheme. The calculator will take into account your preferred location, your deposit amount, and the price of the property you’re looking to buy.

Use the Help to Buy calculator below to work out what size of additional deposit and repayment mortgage you’d need to move into your new Legal & General home.

(up to £437,600)

Min £100K
Max £438K

(Minimum 5% of the house value required)

Min 5%
Max 60%

Min 10%
Max 20%

Your results

To purchase a home valued at:
And with a % deposit value of:
You would need to secure a mortgage of:
To be eligible for a Government loan of:

This calculator is for guidance only; Legal & General Homes does not offer mortgage advice. Subject to full eligibility checks, you may qualify for a Help to Buy: Equity Loan from the government. You should consider taking advice from a qualified adviser before agreeing to a mortgage. Your home may be repossessed if you do not keep up repayments on your repayment mortgage, equity loan or other loans secured against it.

Homes England Help to Buy: Equity Loan (2021 – 2023) Guidelines

Your home may be repossessed if you do not keep up repayments on your repayment mortgage, equity loan or other loans secured against it.

Help to Buy: Equity Loan (2021-2023): Eligible homebuyers can borrow 5% to 20% (40% in London) of the market value of a newly built home. Regional property price limits will apply. The equity loan is interest free for 5 years; monthly interest payments start at 1.75% and rise each year in April by the Consumer Price Index (CPI) plus 2%. Pay a £1 monthly management fee from the start. Repay your equity loan at the end of your mortgage or equity loan term, when you sell your home or any time before. The lender, Homes England, secures the equity loan as a second charge on your home. Help to Buy is subject to eligibility, terms and conditions:

Available on selected properties, and subject to the Government’s specific terms, conditions and qualifying criteria.

Help to Buy cannot be used in conjunction with part exchange.

Availability of other incentives/offers subject to lenders criteria and Legal & General Home’s discretion.

L&G Homes