Help to Buy Calculator

Help to Buy is an equity loan provided by the government to help you buy a new-build home in England with a maximum purchase price of £600,000. Different schemes are available in Scotland, Wales and Northern Ireland.

Loans are available for first time buyers as well as home movers with the following conditions:

With a Help to Buy equity loan you will need to contribute at least 5% of the property purchase price. The government will then give you a loan for up to 20% of the price and you'll need a mortgage for the remaining 75%

There are no fees payable for the first 5 years of your equity loan. From the 6th year you will be charged a fee of 1.75% of your loan's value and this will increase every year by using the RPI plus 1%. The fees do not count towards repaying the loan.

Our Help to Buy calculator will work out the maximum purchase price of a new-build property you can look for based on the amount of deposit you have. To use the calculator, enter your figures directly into the corresponding fields & then press 'Calculate'. Your results will appear below the calculator.

Your Deposit AmountHow much cash deposit do you have available?

The results of your calculations

By having a cash deposit of available, you will be able to look for a new property with a purchase price up to a maximum of . You will need a mortgage for and a Help to Buy equity loan of Attention! The maximum purchase price of a property bought under the Help to Buy scheme is £600,000. To take advantage of the 20% equity loan the maximum deposit you should have available is £30,000. Please adjust the amount you entered in the calculator above. If you do have more than this available, you might not need help with an equity loan.