Help to Buy Equity Loan
Up to 20% interest free loan for the first 5 years

Buy your new home with only a 5% deposit

No interest payments on the help to buy equity loan for the first 5 years

Available to first time buyers and home movers on purchases of up to £600,000

Available for the purchase of a new home only

We advise and recommend on a comprehensive range of mortgages from across the market.

Help to buy equity loan example

  • New property purchase: £250,000
  • Help to buy equity loan: (20%)£50,000
  • Customer deposit: (5%)£12,500
  • Customer mortgage: £187,500

No interest is charged on the help to buy equity loan for the first five years.

From year 6 onwards the customer is charged 1.75% per annum. For the initial percentage for the equity loan.

After this, the fee will increase every year. This increase is based on the retail price increase plus 1%.

Help to buy equity scheme

From April 2013 the Government Help to Buy equity scheme was available for all buyers purchasing a new home by the end March 2016. The maximum property price for Help to Buy is £600,000.

Unlike previous Government's initiatives, this scheme is open to all builders and or developers who register for the scheme. Former help to buy schemes were restricted to selected builders only so were unlikely to be as successful as the current help to buy equity loan scheme.

Builders and developers can register for the help to buy equity scheme here http://www.homesandcommunities.co.uk/help-to-buy

When the property that was purchase through the scheme is sold, it is mandatory that it is at the full market value. The selling price must therefore match the main mortgage lender's independent valuation.

Purchasers cannot part-exchange their existing property for a Help to Buy equity scheme purchase.

There are many mortgage lenders that will accept help to buy equity home loan applications. Home buy customers can sometimes have full access to the mortgage lenders products as they would with a normal purchase. Please contact Impartial for further information.

About Us

Impartial Mortgage & Protection is an Independent Mortgage Broker and Insurance Brokerage.

Head Office

Enterprise House, Ocean Village,
Southampton, Hampshire,
SO14 3XB

02380 221700

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Wills & trusts, conveyancing services, and most forms of buy-to-let mortgages are not regulated by the Financial Conduct Authority.
As a mortgage broker, Impartial receives a fee from mortgage lenders, which is normally a small percentage of the loan we arrange. We do not charge a fee for mortgages over £100,000. For mortgages of under £100,000 there may be a fee for mortgage advice, the specific amount will depend upon your circumstances but our typical fee is £200

Impartial Mortgage & Protection Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. Impartial Mortgage & Protection Ltd. Registered office: Enterprise House, Ocean Village, Southampton, United Kingdom, SO14 3XB. This website and its content is copyright of Impartial - © Impartial 2016. All rights reserved. Company registration number 09648996

The guidance contained in this website is subject to the UK regulatory regime and is therefore targeted at consumers based within the UK.

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