Help to Buy: Who Qualifies and What You Get
Learn how the Help to Buy scheme provides a government equity contribution to help you purchase a new home.
Help to Buy is a government initiative designed to assist people in purchasing new homes by providing a share of the property's value.
Who it's for
This scheme is designed for low to middle-income earners who meet specific eligibility criteria.
What you get
You can receive a government equity contribution of up to 40% of the home's value to help you buy a new property. This is a form of shared equity, meaning the government holds a stake in your home.
What it costs you
While it helps with the initial purchase, the government will take a share of the capital gains (the profit made when the property increases in value) when you eventually sell the home.
The catch to know
The scheme is not unlimited; it is only available to a specific number of participants each year.
How to apply
- Check if your income falls within the required limits.
- Ensure the property you intend to buy is a new home.
- Contact the relevant housing authority to check availability.
- Follow the official guidance to submit your application.