Help to Buy

The Help to Buy Equity Loan is a government backed scheme designed to help first time buyers buy a new build home up to the value of £228,100 in Yorkshire and the Humber.

Am I eligible?

  • The Help to Buy scheme is only be open to first time buyers. This means if you have owned a home previously, or own a home at the time of applying, you will not be eligible.
  • The price of eligible properties are be capped by region. For Yorkshire, the purchase price is capped at £228,100. Properties on sale for a higher price will not be eligible.
  • The maximum equity loan amount given by the government for purchases outside of Greater London is 20% of the purchase price. The minimum buyer’s deposit is 5%.

The process of buying a home can take several months, so it’s important to give yourself enough time to take advantage of the scheme.

Enquire now

How does it work?

Help to Buy allows you to own 100% of your home and only pay 80% up front. You will need to provide a 5% deposit and the government will then lend you up to 20% as an equity loan. You would then need to apply for a mortgage based upon the remaining 75% 

The table below gives an example of using Help to Buy to buy a £190,000 home.

Cash Deposit 5% £9,500
Equity Loan 20% £38,000
Mortgage 75% £142,500



When does the scheme end?

The Help to Buy scheme for first time buyers will run from 1st April 2021 until 31st March 2023. After this date, the Help to Buy scheme will close to new applications.


What are the regional price caps?

In an attempt to help first time buyers onto the property ladder, the Help to Buy scheme features regional price caps based on average starter home prices in the area. Each average price is multiplied by 1.5 to calculate the cap. Properties over each regional amount will not be eligible for the scheme.

Regional price caps for the Help to Buy scheme from April 2021:

  • North East - £186,100
  • North West - £224,400
  • Yorkshire and The Humber - £228,100
  • East Midlands - £261,900
  • West Midlands - £255,600
  • East of England - £407,400
  • London - £600,000
  • South East - £437,600
  • South West - £349,000