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Help to Buy

The popular government Help to Buy: Equity Loan is now available until 2021. It enables eligible home buyers to move in with just a 5% deposit and a 75% mortgage. The government will provide up to 20% of the value of the property as an equity loan.



What is the Help to Buy: Equity Loan?

  • You only need a minimum 5% deposit
  • The Government loans you up to 20% of the value of the property which is interest-free for five years, making your dream home more affordable. The loan can be re-paid at any time, at the end of 5 years, or when your house is sold
  • You only need to secure a 75% mortgage from a bank or building society
  • You own 100% of your new Rippon Home

The Help to Buy: Equity Loan is available for first time buyers, but existing homeowners can benefit too providing:

  • the home you buy must be your only residence
  • the scheme isn’t available for buy-to-let investors
  • the scheme isn’t available to those who will own any other property after completion.
  • the scheme is available on homes up to the value of £600,000 in England
*Offers available for a limited period, and on selected plots only. Terms and conditions apply.  Cannot be used in conjunction with any other offers. Rippon Homes reserve the right to withdraw or alter these offers at any time prior to payment of a reservation fee. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Available on new build homes up to £600,000 subject to the Government ‘Help to Buy’ terms and conditions and only available to customers where a primary mortgage is secured. Not available on second or additional homes, buy-to-let and let-to-buy properties. HomeBuy agent eligibility check required. The equity loan is interest free for the first five years and needs to be a minimum of 10% of the purchase price up to a maximum of 20%. The equity loan will need to be repaid when the property is sold or after 25 years. Subject to status, terms and conditions apply.