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Why Choose Us?  >  Buying Solutions  >  Help to Buy (England)

Use Help to Buy (England) to Move to your Legal & General Home

Open for applications from 16 December 2020 for legal completions from 1 April 2021

Help to Buy is an equity loan from the Government, enabling first time buyers to obtain a mortgage of between 75% and 85% with as low as a 5% deposit. Interest free for the first five years, you can repay the loan at any time without penalty, or when you sell your home.

Help to Buy is available to first time buyers and it’s subject to eligibility and affordability checks.

In the South East, where we build, the limit is £437,600.

Download Printable Fact Sheet
Equity Loan Assistance from the Government

How does Help to Buy Work?

With the help of Homes England’s Help to Buy Equity Loan Assistance Scheme, you could soon be able to own your own home.

Visit helptobuy.gov.uk for more information

FIND A NEW HOME

Help to Buy is available on homes up to a maximum value that differs region to region. You will need a deposit of at least 5% of the value of your chosen home.

FIND OUT IF YOU'RE ELIGIBLE

We can put you in touch with an independent mortgage advisor to help you find out if you qualify and help you apply.

RECEIVE EQUITY LOAN ASSISTANCE

You could receive up to 20% of the purchase price. You will need to fund the rest of the purchase price with a mortgage.

OWN 100% OF YOUR HOME

The equity loan is interest free and can be repaid at any time. On sale of your home, you will need to pay back the percentage of equity still outstanding.


Help to Buy (England) Calculator

Use the calculator below to find out how you could move into your new Legal & General home with Help to Buy (England)

(up to £437,600)

Min £100K
Max £438K

(Minimum 5% of the house value required)

Min 5%
Max 60%

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Min 10%
Max 20%

Your results

To purchase a home valued at:
And with a % deposit value of:
You would need to secure a mortgage of:
To be eligible for a Government loan of:

Please note that this tool is for information purposes only and does not represent professional financial advice. Our sales team will be able to provide tailored information if you would like to find out more about our help to buy scheme.

See the full terms and conditions for the scheme below.

Terms & Conditions

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Security over your home is required. 

Availability of other incentives/offers subject to lender's criteria and Legal & General's discretion.

For the first five years there is no interest charged on the equity loan component. At the start of year six a fee of 1.75% is payable on the equity loan, which rises annually by RPI inflation plus 2%. The equity loan is provided by Homes England and held as a second charge. 

Your mortgage lender’s deposit requirements may vary, but you should usually expect to contribute a deposit of at least 5% of the purchase price.

Available on selected properties, and subject to the Government’s specific terms, conditions and qualifying criteria.

CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT SEEK INDEPENDENT ADVICE.

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