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Help To Buy Mortgage Guide

This guide was last updated 31 January 2024

Applications for Help To Buy had to be submitted by 31st October 2022 and successful purchase transactions must be completed on or before 31st March 2023. This guide is for reference only.

See the key dates below:

As of now there is no successor for the Help to Buy equity scheme, so if you are planning to use the Help to Buy scheme before it ends, speak to one of our experts – Matt Thorn or Scott Lambert.

You can find out more about the help to buy equity loan application closure on the government website or visit our help to buy service page.



The UK government launched the Help to Buy scheme in April 2013, initially to help first-time buyers and home movers get a leg-up on the property ladder.

With soaring property prices and near frozen wages, many were stuck in a cycle of renting which ate away at any chance of saving a 20%+ deposit, leaving them with little to no prospect of buying a home.

Help to Buy offered an interest-free (for five years) equity loan up to 20% of the value of the property, or (since 2016) up to 40% for homes in London.

The Help to Buy scheme is bigger than any previous government housing initiative and has shone a spotlight on affordable housing. More than 211,000 homes have been bought using the scheme, with over a third (37%) of people saying they could not have bought a new property without it, and around 80% saying it allowed them to buy more quickly.

The scheme’s end date is March 2023, by which time Homes England expects to have loaned around £29 billion, supporting the purchase of 462,000 properties. An earlier change will see the scheme exclusively available to first-time buyers from 2021. There are also regional differences in the availability and costs of Help to Buy around the country which are covered in our guide.

Download our full Help to Buy guide.

View our HTB video with questions answered by one of our advisers, Matthew Thorn below.


Give us a call on 020 7220 5110 or fill out the form below to arrange a no-obligation chat!

    Your home may be repossessed if you do not keep up repayments on your mortgage.

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    Andrew Montlake

    Written by Andrew Montlake

    Andrew Montlake, better known as Monty, began his journey with an Hons degree in Economics & Politics before starting in the mortgage industry in February 1994. As a main founder of Coreco in 2009, he successfully grew the brand, marketing, and communications, and was made MD in 2019 focussing on the overall vision, strategy, and culture of the company. As Coreco’s media spokesperson, Andrew can often be seen or heard on TV and radio as well as regularly commenting in the national, local, and trade press. He is the author of this acclaimed Mortgage Blog and is well-known for his social media, podcasts, and public speaking. Andrew is now proud to serve as Chairman of the Association of Mortgage Intermediaries, (AMI) as a cheerleader for the Mortgage Industry as a whole and continues to work at the coal face, writing mortgage business and advising clients.

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