Help to Buy London - Here's How It Works

You’ll need your own 5% deposit

Get a 40% equity loan from the government*

Buy the home you need now with a 55% mortgage

Available to first and next time buyers

Let's find your new home with Help to Buy London

Your budget

With a deposit of around

The Government may loan you up to

And you may be able to borrow

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

Based on the information you've entered, this is calculated on the ability to borrow 4.5 times your household income.

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 borrow.

So what's involved?

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

Our independent mortgage advisors can then take you through the prequalification process. Subject to approval, the government will agree to lend you up to 40% of the purchase price through an equity loan.

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

You’ll need to pay a reservation fee of £500† to secure your home for a specified period.

You’ve now secured your new Linden home and can look forward to adding the personal touches and moving in.

Download our Help to Buy London leaflet

For more information, please ask your Sales Executive or click below to download our Help to Buy London leaflet.

Download the leaflet

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.

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.

More details

Used Help to Buy before?

Find out what your options are for your next move.

More details

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.

All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales representatives for details of the exact specifications available at the development(s) for each type of home and the associated prices.

Help to Buy London - Here's How It Works

Let's find your new home with Help to Buy London

Your budget

So what's involved?

Download our Help to Buy London leaflet

Frequently asked questions

Terms & Conditions

More ways we can help you move