The Help to Buy Equity Loan, which is currently available to first-time buyers and homeowners will end in March 2021.
From 1 April 2021, the current government-backed scheme will be available to first-time buyers only in England and regional property price caps will be introduced.
With just a 5% deposit and a 75% mortgage, first-time buyers may be able to borrow up to 20% (40% in London) of the cost of a new home from the Government.
Reginal Price caps
From April 2021, the amount you can purchase a home for using Help to Buy will vary depending on where in England you are buying, take a look at our table below.
UP TO MARCH 2021
FROM APRIL 2021
|Yorkshire and the Humber||£600,000||£228,100|
|East of England||£600,000||£407,400|
Find out more about the Help to Buy scheme here.