Home ownership schemes

Topic Selected: Housing

General Article icon Type: General Article

You may be able to get financial help through a Help to Buy home ownership scheme if you live in England and can’t afford to buy a home. (Wales and Scotland have different schemes.)
The four types of Help to Buy scheme are:

  • Help to Buy equity loans
  • shared ownership
  • NewBuy
  • Help to Buy mortgage guarantees – available from January 2014.

There are also schemes for council and housing association tenants. Read the guides on Right to Buy and Right to Acquire.

Help to Buy equity loans

Help to Buy equity loans are open to both first-time buyers and home movers on new-build homes worth up to £600,000.
You won’t be able to sub-let your home if you use this scheme.

How it works

With a Help to Buy equity loan:

  • you’ll need to contribute at least 5% of the property price as a deposit
  • the government will give you a loan for up to 20% of the p

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