07 June 2022 ·
Help to Buy: Equity loan to end in 2023
First-time buyers who want to take advantage of the government’s Help to Buy scheme will have to reserve a property by 31st October 2022.
The scheme, which offers an equity loan to buyers with a deposit of just 5%, is due to end on 31st March 2023. To be eligible for equity loan funding you must legally complete and get the keys to your home by 31st March 2023.
In London, buyers can get a loan worth up to 40% of a property price (up to £600,000). In the East of England, buyers can get a loan worth up to 20% of a property price (up to to £407,400).
For more information on Help to Buy visit the Help to Buy website