Help to Buy Calculator

Considering a Help to Buy Equity Loan? Find out how much you could borrow to help you save for a smaller, easier deposit. Use our handy calculator to find out what properties you can afford to buy in England, Scotland and Wales.

Where is the property situated?

How much is the property worth?

Note: max is £600,000 in England

Loan Amount: £0

Mortgage Requirement: £0

What is your annual income?

How many applicants?

You may be able to borrow:

Please note that the results you receive are simply an estimation and prices may vary depending on the mortgage lender. The best way to save money is to compare lenders and the schemes they offer. Don’t forget to contact your local Help to Buy agent to further discuss your options.

Saving time and money when buying a house

Now that you’ve discovered how much you could possibly borrow when using a Help to Buy equity loan, it’s time to find out how we can help you further when purchasing your new home.

Help to Buy and Coronavirus 

If you experienced severe delays in your home buying process due to Covid-19 and you had reserved your home by 30th June 2020, you will be granted more time to complete. For more information, read the government advice

Due to the coronavirus outbreak, there will also be a new Help to Buy: Equity Loan scheme available to first-time buyers only, that will run from 1 April 2021 and ending on 31 March 2023. Applications for the new scheme will open from 16 December 2020

What is Help to Buy?

The Help to Buy scheme is a government initiative that includes a number of useful schemes that are mainly aimed at helping first-time buyers get on the property ladder. The Help to Buy: Equity Loan will give you a government loan of up to 20% (40% if you’re buying in London) of the total cost of the house you’re buying. 

You will have to pay a 5% (or more) house deposit and apply for a mortgage of 25% (or more) to pay for the rest of your newly-built home. For the first five years of owning your new-build home, the government will not charge interest on their 20% loan.

Are you Eligible for Help to Buy?

The Help to Buy: Equity Loan is available to first-time buyers and homeowners who want to buy a new build house. To be eligible for the scheme, you must be buying a newly-built home that is not worth more than £600,000 in England, £300,000 in Wales and £200,000 in Scotland. 

How Does Help to Buy Differ Throughout The UK?

The eligibility criteria and maximum equity loan will vary depending on where in the UK you live. Northern Ireland currently doesn’t have a Help to Buy: Equity Loan scheme running. Below are the maximum property price and equity loan for England, London, Wales and Scotland. 

LocationMaximum Property PriceMaximum Equity Loan













How To Apply For A Help to Buy Equity Loan?

You can still apply for a Help to Buy: Equity Loan in England up until the 15 December 2020 and must complete your property purchase by 31 March 2021. To apply for a Help to Buy: Equity Loan you should contact your local Help to Buy agent

How To Repay The Help To Buy Equity Loan?

Your equity loan must be repaid after 25 years or earlier if you sell your house. There is no interest charged in the first 5 years of the loan, but after this you will have to pay a monthly interest fee of 1.75% of the equity loan. 

The amount you pay back will be the percentage of the price you bought the house for. This means that if your house rises in value, then so will the amount you owe. The same applies if your house falls in value, too.