Help to Buy London

First time buyers only need a 5% deposit to buy a new Linden Home in London

The government backed Help to Buy scheme means first-time buyers in London can get their foot on the property ladder with just a 5% deposit and a 55% mortgage.

With a 40% equity loan provided by the government, buying a brand new Linden home could be easier and more affordable than you think.

HOW IT WORKS

Here's how it works

Example:

Example house value

£600,000

Buyer's 5% deposit

Government's 40% loan

55% mortgage from approved lender

You pay as little as 60% of the full purchase price up front (5% deposit plus 55% mortgage)

The remaining 40% is an equity loan form the Government (You must pay back the loan at the end of your main mortgage term or when you sell your home)

Help to Buy equity loan is only available on new-build homes

Available to first-time buyers purchasing their own home*

Maximum property purchase price of £600,000 dependent on location

Source: Budget 2013 HM Treasury - www.hm-treasury.gov.uk/budget2013

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 a second time buyer, we have many other ways we can help homeowners looking to buy a new home. Check out Ways to Move.

Regional Price Caps

For homes completing after April 2021, the amount first-time buyers can use to purchase a home using Help to Buy in England is dependent on where you are buying.

In London, this means you can purchase a new Linden Home up to the value of £600,000.

Use this map to find out more about the regional price caps.

North East

£186,100

Yorkshire and the Humber

£228,100

East Midlands

£261,900

East Of England

£407,400

London

£600,000

South East

£437,600

North West

£224,400

West Midlands

£255,600

South West

£349,000

How much could you afford using Help to Buy

Enter your details

Your region

Your deposit

You could afford a new Linden home up to the value of

With your deposit of

You could get a government loan of

And your mortgage will be

Now, let's find your new home

Linden Homes you could afford with Help to Buy

Number of bedrooms

Price min

Price max

Home type

Frequently asked Questions

Can I buy any home with Help to Buy London?

Help to Buy is available to first-time buyers ONLY on new build homes up to the value of £600,000 in London. Please see the regional map above for more information.

How does Help to Buy give me access to more competitive mortgage deals?

With a 5% deposit and the government’s equity loan of up to 40% of the value of the new home, you only need to secure up to a 55% mortgage. This means you may benefit from more competitive lending rates and a wider mortgage choice.

Is the Help to Buy scheme open to everyone wanting to buy a new home?

Help to Buy London is now only available to first-time buyers due to changes in government legislation in April 2021.

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%.

Can I use Help to Buy if I'm an existing home owner looking to trade up?

No, changes to Help to Buy from April 2021 means that only first time buyers are eligible for the scheme.

More ways we can help you move

Help to Buy

Exclusively for first-time buyers! Your move could be more affordable than you think - buy a new home between £186,100 and £437,600, depending where you live, with just a 5% deposit!

How does it work

Home Exchange

Stuck in a chain or have a home to sell? We could buy your current home when you buy one of ours with Home Exchange.

How does it work

Smooth Move

Have a home to sell? We could help sell it for you, so you can buy one of ours with Smooth Move! We could even save you time and money.

How does it work

Introduce a Friend

Introduce your friends to Linden Homes and if they buy from us we’ll give you £500* to say thank you.

How does it work

Help to Buy

Exclusively for first-time buyers! Your move could be more affordable than you think - buy a new home between £186,100 and £437,600, depending where you live, with just a 5% deposit!

How does it work

Home Exchange

Stuck in a chain or have a home to sell? We could buy your current home when you buy one of ours with Home Exchange.

How does it work

Smooth Move

Have a home to sell? We could help sell it for you, so you can buy one of ours with Smooth Move! We could even save you time and money.

How does it work

Introduce a Friend

Introduce your friends to Linden Homes and if they buy from us we’ll give you £500* to say thank you.

How does it work

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 London

First time buyers only need a 5% deposit to buy a new Linden Home in London

Here's how it works

Example:

Regional Price Caps

How much could you afford using Help to Buy

Enter your details

Now, let's find your new home

Linden Homes you could afford with Help to Buy

Sorry, we couldn't find any suitable homes.
Please broaden your search and try again.

Frequently asked Questions

More ways we can help you move

Help to Buy

Home Exchange

Smooth Move

Introduce a Friend

Help to Buy

Home Exchange

Smooth Move

Introduce a Friend

Still haven't found what you're looking for?

Property search quick links

Help to Buy London

First time buyers only need a 5% deposit to buy a new Linden Home in London

Here's how it works

Example:

Regional Price Caps

How much could you afford using Help to Buy

Enter your details

Now, let's find your new home

Linden Homes you could afford with Help to Buy

Sorry, we couldn't find any suitable homes.Please broaden your search and try again.

Frequently asked Questions

More ways we can help you move

Help to Buy

Home Exchange

Smooth Move

Introduce a Friend

Help to Buy

Home Exchange

Smooth Move

Introduce a Friend

Still haven't found what you're looking for?

Property search quick links

Sorry, we couldn't find any suitable homes.
Please broaden your search and try again.