Help to Buy London

Help to Buy is due to change from April 2021. Find out how the changes will work where you live:

Ashberry Home

Help to Buy is changing...

Help to Buy London allows both existing homeowners and first time buyers the opportunity to purchase a property with just a 5% deposit and an additional Government-backed loan of up to 40%, interest free for five years*.

The current scheme is open to both existing and new home buyers until March 2021. However from April 2021, in London, only first time buyers can use the scheme.

To use the existing scheme, you will need to purchase a property which is built by 28th February 2021 and legally complete on your home by 31st March 2021. We’re here to help you with the changes, and with great incentives now available across our developments, now is the time to reserve.

What is Help to Buy?

What is Help to Buy?

Backed by the Government and, until the end of March 2021, available to both first-time buyers and existing homeowners, Help to Buy London allows people move on to, or up, the property ladder. Using the scheme, you can purchase a new build home up to a maximum value of £600,000 in England.

There are schemes for England, London, Scotland and Wales, each with regional variations. Please see our individual pages to find out the right information for your area.

How does it work?

Help to Buy London allows you to own your new Ashberry home with just a 5% deposit.

The government then lends you up to 40% of the cost of your home, which means that you’ll only need a 55% mortgage.

For the first five years, the government’s share of the loan is completely interest-free. You must repay the Help to Buy loan after 25 years, or earlier if you sell your home, repaying the same percentage of the proceeds of the sale of your home (i.e. if you received 40% on purchase, then you must pay 40% of the proceeds of the future sale).

The current Help to Buy scheme ends in March 2021, when a new Help To Buy scheme will come into place and run until 2023. This new scheme will be available to first-time buyers only, and it will be restricted to regional price caps.

You own 100%
of your home
Help to Buy diagram

Find and reserve a property


HTB and mortgage applications


Mortgage offer


Get your keys and move in!

Who’s eligible?

Is Help to Buy for me?

Until 31st March 2021, Help to Buy London is available to…

  • First time buyers
  • Existing homeowners
  • Those moving onto or up, the property ladder
  • Must be your only residence

Top FAQs about
Help to Buy

Are there any restrictions under the scheme?

The property you purchase using Help to Buy must be your only home and you must live in it.

You cannot use Help to Buy in conjunction with part exchange on an existing home.

If you already own a home you will have to sell it before using Help to Buy.

Any mortgage used in conjunction with Help to Buy must be a repayment mortgage (not an interest-only mortgage).

You must seek permission to extend, or alter the property purchased using Help to Buy.

Can I buy any home using Help to Buy?

The scheme is only available to new build homes, and price caps do apply. In London, the scheme is available on new build homes priced up to £600,000.

How much deposit do I need?

You need a 5% deposit.

How much can I borrow using Help to Buy?

In London, you can borrow up to 40% of the cost of the home, with a maximum property price of £600,000.

Is the equity loan interest-free?

Help to buy is interest-free for the first five years, however, there is a management fee of £1 per month until the loan is repaid. After five years, interest will apply – currently 1.75% in year six, then 1.75% and any increase in the Retail Prices Index (RPI) plus 1% each subsequent year.

When do I have to repay the loan?

When using the Help to Buy London scheme, the shared equity loan needs to be repaid within 25 years, or if earlier, when you sell your home. However, you are able pay off the shared equity loan at any point within that period.

Can I repay the loan early?

You can pay back all, or part, of the loan at any time, with a minimum of 10% of the prevailing market value of your home.

The Help to Buy scheme works slightly differently depending on your location.
Make sure to get the right information.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Help to Buy is subject to the Homes and Communities Agency’s (HCA) terms and conditions and is available on new build homes on selected Ashberry Homes developments up to £600,000 to customers where the property represents their only residence. Not available on second, additional homes, buy-to-let or let-to-buy properties. HomeBuy agent eligibility check required. The equity loan is interest free for the first five years, up to a maximum of 40% of the purchase price. After five years, an annual fee of 1.75% of the outstanding equity loan is charged. This is increased annually by RPI plus 1%. The equity loan must be repaid after 25 years, or earlier if you sell your home. A monthly management fee of £1 is payable by the equity loan borrower by direct debit, from the start of the loan until it is repaid. The management fee and interest fees are not capital repayments to the equity loan and do not reduce the amount owing. Help to Buy operates under terms and conditions imposed by the HCA and may be subject to change. Please visit for further information. Help to Buy cannot be used in conjunction with other schemes. Information correct at time of broadcast. Help to Buy is due to change in April 2021 based on current Government guidance. The current scheme is available until March 2021 on properties build complete by 31st December 2020. Please see