Help to Buy London is a Government-backed initiative designed to help first and next time buyers own their own home within the 32 London boroughs and the City of London. All you’ll need is a 5% deposit to secure a conventional mortgage of up to 55% of the purchase price from a bank or building society. The remaining 40% will be provided as a government backed equity loan, which is interest-free for the first five years. You can repay the loan at any time or when you come to sell your home.

5%
Deposit

You only need a minimum 5% deposit

40%
Government loan

The government will lend you up to 40% of the value of your property through an equity loan, which can be repaid at any time or on the sale of your home

55%
Mortgage

So you will only need to secure up to a 55% mortgage from a bank or building society

£600,000
Maximum purchase

Maximum home purchase of £600,000

Let's find your home

Find homes within your price range using our Help to Buy London calculator

£

Your budget

With a deposit of around

The Government may loan you up to

And you may be able to borrow up to

So you may be able to afford a new home
up to the value of

Based on the information you've entered

This information doesn't contain all of the details you need to choose a mortgage.
By providing this information, we are not making any recommendation or giving any advice.
This calculator only gives you an indication of the amount you could borrow, so the figure it shows could be different from the amount you could actually lend.

Your results

help to buy london video

Here's how it works

1. Choose from our range of stunning new homes available under the scheme, up to a maximum purchase price of £600,000.

2. We’ll put you in touch with our independent mortgage advisors, New Homes Mortgage Helpline, to take you through the pre-qualification process and your mortgage application. Subject to approval, the government will lend you up to 40% of the purchase price through an equity loan.

3. You'll need a 5% deposit to secure a conventional mortgage for up to 55% of the purchase price.

4. Once you have been pre-qualified, you can reserve your new Linden Home. A reservation fee of £500 will be required.

Frequently asked questions

Can I buy any home with Help to Buy London?

Any new build home in London up to £600,000. Not available for second homes or buy to let properties.

Can everyone get Help to Buy London?

Yes. Help to Buy London is not just for first time buyers, and there is no maximum income cap. If you can get a mortgage, you can get Help to Buy London.

Are there any fees to pay?

You will not be charged any fees on the 40% loan for the first five years of owning your home. However a management fee of £1 a month will be applicable from the date of purchase. From year six, a fee of 1.75% is payable on the equity loan, which rises annually by RPI (Retail Price Index) inflation plus 1%.

Will I need to secure a mortgage?

You’ll need to secure a conventional mortgage of up to 55% of the purchase price from a bank or building society (a mortgage of at least 25% of the purchase price must be taken)

Are you a member of the Forces?

If you are, as well as Help to Buy London, there is an additional incentive available for members of the Forces.

Terms & Conditions

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT.

Credit is secured against your home. *Subject to status, Help to Buy Terms & Conditions and available on selected properties within London only. Eligible applicants will be offered an equity loan up to a maximum of 40% of the purchase price (based on the open market value). Applicants are required to fund at least 60% of the purchase price by means of a conventional mortgage, savings/deposit where required. The equity loan is provided by the HCA and held as a second charge. This offer is not available in conjunction with any other promotion. Full details will be provided on request.

Did you know?

Wherever possible the appliances fitted in our homes are ‘A Rated’ or higher for energy performance.

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