Help to Buy in London

Help to Buy London
The Help to Buy scheme is designed to help first-time buyers to purchase affordable new build homes in London. Find out how the scheme can benefit you with WhatHouse?
What is Help to Buy?
Available only on brand new homes, Goverments "Help to Buy scheme" gives financial assistance to new home buyers by reducing the deposit required down to 5%.
Now used as an ‘umbrella’ brand for a variety of government homebuying schemes, the main part of this initiative provides financial assistance to buyers in the form of an equity loan, a lump sum added to the purchaser’s deposit to reduce the size of the mortgage they need. This loan is interest-free for five years and only needs to be repaid when the property is sold. Hundreds of housebuilding companies have signed up to the scheme, and there are just a few eligibility criteria for potential buyers to meet in order to qualify for it.

The latest statistics from the government show that over 100,000 homes were purchased with this equity loan from the launch of the scheme in April 2013 to the end of September 2016, with 80% of them purchased by first-time buyers.
young couple looking at new homes

view of London Thames
Help to Buy London
This part of the scheme, only available in Greater London, varies slightly from the national equity loan scheme available in other areas of the UK to reflect the generally higher property prices in the capital. With an equity loan of 40% is given once the buyer puts down an initial deposit of 5%, meaning they only need to find a mortgage for 55% of the property price.

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Can I buy a home off-plan?
Do I have to pay stamp duty?
Can I rent out my Help to Buy home once its bought?
Can I change the property in any way?
Can I get help with benefits to pay the Help to Buy fees, if I lose my job?
What's best for me, equity loan or the mortgage guarantee scheme?
Case Studies
James Woodhall used the Help to Buy London scheme
5 September 2016
Before James Woodhall, 29, had even viewed a home at Titanium Point, in Bethnal Green, he reserved his plot with Guinness Homes...
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First-time buyers Christopher and Sophie
29 July 2016
Like many thousands of Londoners signed up to the recently extended Help to Buy scheme, one south London couple are about to make considerable mo...
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Barry Fuschillo used Help to Buy
26 May 2016
First-time buyer Barry Fuschillo is the newest resident at a development being built on the former Hainault covered reservoir site...
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Recent News
Wolsey Island (Westleigh Homes)
20 September 2018
The latest new homes launches, buyer events and special offers across the UK brought to you by the WhatHouse? team...
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Wedgwood Park (Edenstone Homes)
13 September 2018
The WhatHouse? team takes you through the latest launches, events and special offers at the UK's new homes developments...
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Upton Gardens (Barratt London)
6 September 2018
Here are a few examples of what you could buy with London Help to Buy right now...
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