Our Help to Buy calculator will give you a quick indication of whether you're likely to be able to buy a home using a Help to Buy equity loan, based on your income, property price and location.
If you'd like a free consultation about your Help to Buy mortgage options and whether you could potentially buy without an equity loan, call Which? Mortgage Advisers on 0800 197 8461 or fill in the form at the bottom of the page for a free callback.
How does Help to Buy work in different parts of the UK?
Help to Buy equity loans enable homebuyers to purchase a new-build property using a government loan. The size of loan and maximum property price vary according to where you're buying.
There isn't currently a Help to Buy equity loans scheme in Northern Ireland, but here's an overview of how it works throughout the rest of the UK. Just click the links in the left-hand column to find out more about how it works in your area:
Are you eligible for Help to Buy?
Help to Buy equity loans are only available for new-build homes. On top of this, you must:
- have at least 5% deposit
- be planning to buy a home within the price limits in the table above
- be purchasing a property you intend to use as your primary home
Find out more about Help to Buy
While taking out a Help to Buy equity loan to boost your buying power might sound like a no-brainer, there are a number of pros and cons to this scheme.
Check out our guide to Help to Buy equity loans to find out more.