Am I eligible for Help To Buy?

You can get an equity loan if you're:

• A first time buyer
• An existing homeowner
• Buying a new-build home that costs less than £600,000

This scheme is only available if you live in England.

There are similar schemes available in Scotland, Wales and Northern Ireland.

If you're buying a new home with a Help to Buy equity loan you cannot:

• Own any other property anywhere else in the world
• You also need to:
• Be a UK resident
• Have a valid National Insurance Number
• Not have another active cash ISA alongside your Help to Buy ISA.

To be able to get the government bonus on your Help to Buy ISA, your property must be:

• In the UK
• Your only property
• The property you are going to live in
• Worth up to £250,000 outside of London
• Worth up to £450,000 in London
• Bought using a mortgage

You can use a Help to Buy ISA as well as a Help to Buy equity loan, as long as you meet all the criteria for both schemes.

back