Help to Buy: Equity Loan

Closed to new applicants since October 2022, but it still gets searched for constantly, usually by people assuming it’s still running. While it existed, the government lent up to 20% of a new build’s price (40% in London), interest-free for the first five years, so a buyer only needed a 5% deposit. Nothing has replaced it directly, though the closest live equivalents are the Mortgage Guarantee Scheme and First Homes above.

This scheme closed to new applications on 31 March 2023. These figures are GOV.UK, Help to Buy: Equity Loan (2021 to 2023) scheme closure’s own published terms, last checked on 5 September 2026, and may have changed since. Check the official page before relying on any of them, and speak to a whole-of-market broker or your local authority about whether you’re actually eligible. This is not financial advice.