What is the Help to Buy scheme?

With a Help to Buy Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. With London Help to Buy the equity loan can increase up to 40%. You won’t be charged interest on the equity loan for the first five years of owning your home. This scheme is only available on new build homes.