Sign in/Register
My Account
SmartNewHomes Home
  • Home
  • Help to Buy
  • Government Incentives
  • Homebuilders
  • News
UK's #1 place for new homes
SmartNewHomes >
Western Isles

Browse the sitemap for Western Isles

Western Isles

  • Western Isles new homes
  • Isle of Barra
  • Isle of Benbecula
  • Isle of Harris
  • Isle of Lewis
  • Isle of North Uist
  • Isle of Scalpay
  • Isle of South Uist
  • Stornoway
  • HS1
  • HS2
  • HS3
  • HS4
  • HS5
  • HS6
  • HS7
  • HS8
  • HS9

  • About
  • News
  • Jobs
  • Privacy
  • Terms of use
  • Slavery Statement
  • Agents & Developers
  • Display advertising
  • Partnerships
  • Contact us
  • Sitemap

© 2021 Zoopla Limited. All rights reserved.

Follow us

  • Facebook - opens in a new window
  • Twitter - opens in a new window
  • Pinterest - opens in a new window

What is the Help to Buy equity loan?

It's a loan that's linked to the rise and fall in the value of your home. If you take a 20% equity loan for example, the amount you owe will always represent 20% of the property's value.

You won't be charged loan fees on the equity loan for the first five years of owning your home.

After five years you will be required to pay an interest fee of 1.75% of the amount of your Help to Buy shared equity loan at the time you purchased your property, rising each year after that by the increase (if any) in the Retail Prices Index (RPI) plus 1%.

The loan itself is repayable after 25 years or on the sale of the property if earlier.

Government information

Help to Buy in England and London

https://www.helptobuy.gov.uk/equity-loan/equity-loans/

Help to Buy in Scotland

https://www.mygov.scot/help-to-buy/

Help to Buy in Wales

http://helptobuywales.co.uk/