A loan of up to 20% of the value of your home.
The Government could lend you up to 20% of the cost of your newly built home with a Help to Buy: Equity Loan.
This means you may only need a 5% cash deposit and 75% mortgage to make up the rest of the purchase price.
You won't be charged loan fees on the 20% loan for the first five years of owning your own home.
The upper limit on the loan for new home buyers in Greater London is 40%
The scheme will run until the allocated funding is used up.
