The Help to Buy scheme enables buyers to acquire a property with just a 5% deposit, supplemented by a loan covering up to 20% of the property's value, which remains interest-free for the first 5 years. The buyer must then secure a standard mortgage for the remaining 75% of the property's value.
In London, the maximum equity loan under the Help to Buy scheme is raised to 40% of the property's value.
How to repay your Help to Buy
Find out how to repay your Help to Buy: Equity Loan, either in full or in part, when you remortgage your home.
What you need to know about Help to Buy
For Help to Buy Equity Loan queries contact Help to Buy administration team
Phone
0300 123 4123
customerservices@myhelptobuyloan.co.uk