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Help to buy family
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How it works

Help to Buy equity loans are backed by the Government and are available to buyers across the country, designed to help people get on or up the ladder. The scheme differs depending on where you are buying, including regional variations for London, Wales and Scotland.

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HELP TO BUY IN LONDON

Price cap on property value: Up to £600,000

Example breakdown based on a purchase price 
of £450,000

5%

BUYERS DEPOSIT - £22,500

|

40%

GOVERNMENT LOAN - £180,000

|

55%

MORTGAGE LOAN - £247,500

FREQUENTLY ASKED QUESTIONS

 

Sliding doors quote

Who is eligible?

Both first-time buyers and existing home owners are eligible for the scheme. There is no limit on household income. Current home owners would need to have a sale in place on their existing property before they can reserve their Dion Home.

 

When do I have to 
pay the loan back by?

The loan must be repaid within 25 years, or sooner if you decide to you sell your home.

 

Can I pay the 
loan back sooner?

Yes. Your Help to Buy equity loan can be paid back at any time. You can either pay the loan back in full or make a voluntary part repayment up to a minimum of 10%. Both are calculated according the market value of the home at the time of the repayment.