Help to Buy - Equity Loans

If you are buying a new-build home, and could benefit from a helping hand with your deposit, then the Help to Buy scheme could be right for you.

No fees payable upfront for application

Borrow up to 95% of your property value

Cashback options available

A Help to Buy equity loan is available on new-build homes in England, Wales and Scotland to both first time buyers and home movers. This enables you to obtain a mortgage with a deposit from as little as 5%.

As long as you are buying a new-build home and meet the eligibility criteria you can apply for a government-funded equity loan for up to 20% of the property's value in England and Wales, 15% in Scotland and 40% in London. You'll then need to pay a minimum deposit of 5% (10% in Scotland) and raise the rest of the property's purchase price through a mortgage. There are no equity loan interest fees to pay for the first five years of owning your home and you'll need to repay the loan in full after 25 years or when you sell your home.

This is different to the Shared Ownership scheme, which provides an alternative affordable home scheme and is not restricted to new-builds. It allows you to buy a share of the home and pay rent for the rest. This means you take a smaller mortgage, so the deposit required is lower. However, you need to make sure you budget for your monthly mortgage payments plus the rent.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Our products

Ready to apply?

For an affordability check, Decision in Principle or to talk to us about our mortgage products please call us on

0345 607 9825

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Skipton Mortgage Range

We can help you to find a mortgage from our range.

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How to buy a house - our guide

Here’s our step-by-step guide to buying a house.

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What's on your homebuyer wish list? 

For some it’s proximity to schools. For others it’s the commute to work.

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