Help to Buy - Equity Loans and Shared Ownership

Coronavirus (COVID-19) update

Last updated: Thursday 26 March

In light of latest government instructions around the coronavirus (COVID-19) situation, the market is temporarily suspending all face-to-face property valuations. This means we are temporarily unable to offer any new mortgages for residential or buy-to-let purchases, and may not be able to proceed with remortgage applications requiring a physical valuation.

We will continue to update this message as the situation develops and hopefully will have products to offer you in the near future.

Looking for a more affordable way to buy a home? Help to Buy Equity Loans and Shared Ownership could help you.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The government’s Help to Buy schemes are designed to give those eligible a leg up on to the property ladder or even to make taking your next step a little easier.

If you’re looking to buy a new-build home, a government then a Help to Buy Equity Loan means you would need a smaller mortgage. Help to Buy Shared Ownership offers an alternative as you buy a share of the home and pay rent on the rest, meaning you typically need a smaller deposit.

At a glance

Equity Loan

  • A government loan funds part of the purchase cost of a new-build home
  • A minimum 5% deposit required
  • Available to first time buyers and those moving home

Shared Ownership

  • You buy a share in a home (between 25% and 75%) and pay rent on the unowned share to a housing provider
  • A minimum 5% deposit required on the share purchased
  • Available to first time buyers and those moving home

You might also be interested in...

First Time Buyer

Thinking about getting the keys to your first home is exciting, but finding a mortgage that’s right for you is essential.

Find out more

Affordability calculator

Our affordability calculator will give you an idea of how much you might be able to borrow.

How much could you borrow?

Lifetime ISA

Tax-free savings account designed to help you buy your first home or save for retirement.

Lifetime ISA
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Version Info: