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 time buyers
The new Help to Buy 2021-2023 scheme is now in place meaning that Help to Buy London is now exclusively for first-time buyers. You could still borrow up to 40% of the cost of a new build home (or 20% outside of London), and use the scheme to buy a home worth up to £600,000 (or between £186,100 and £437,600 outside of London). If you’re an existing homeowner wanting to move, you can check out our other helpful purchase schemes.
Use this handy map to find how much you can spend on your new home.
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.
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?
Help to Buy is now exclusively 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
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 Homes England and held as a second charge. This offer is not available in conjunction with any other promotion. Full details will be provided on request.
Help to Buy
Exclusively for first time buyers! Buy a new home between £186,100 and £437,600 with just a 5% deposit!Find out more
Help to Buy London
Exclusively for first time buyers! Buy any new home in London up to £600,000 with just a 5% deposit!Find out more
Stuck in a chain or have a home to sell? We could buy your current home when you buy one of oursFind out more
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.