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.

How can I get a free mortgage quote?

To get your free mortgage quotes, you just need to enter some basic information into our simple form for mortgage advice and your dedicated adviser will search the entire marketplace to find you the best mortgage deals available.