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Help to Buy calculator

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HomeCalculatorsHelp to Buy calculator

Help to Buy calculator

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Last reviewed on 16th July 2023 by Martin Alexander (Mortgage Advisor)

Mortgage Update

The Help to Buy equity loan scheme is no longer open to new applications. You can still use the calculator if you’re remortgaging your Help to Buy home.

Why does Help to Buy depend on my location?

A Help to Buy equity loan is a government scheme that can help you to buy a new-build property. The location of your Help to Buy home will be a factor in the maximum amount you can borrow. In addition, the maximum property price will vary depending on where your property is located.

England (outside of London)

If you’re buying a home in England, but outside of London, then the most you can borrow for an equity loan is 20%. There are also regional caps on the maximum amount you can borrow for a Help to Buy mortgage.

  • North East: £186,100
  • North West: £224,400
  • Yorkshire and the Humber: £228,100
  • West Midlands: £255,600
  • East Midlands: £261,900
  • East of England: £407,400
  • South East: £437,600
  • South West: £349,000

Help to Buy in London

If you’re buying a new build in London, you may qualify for a 40% equity loan. Furthermore, the Help to Buy regional cap for London is £600,000.

The reason why the regional cap and the value of the equity loan are higher is that house prices in London are typically higher than anywhere else in the UK. That being said, taking on a larger mortgage will mean higher payments each month.


Help to Buy in Wales will enable you an equity loan of up to 20%. The maximum property price is also capped at £250,000. If you’re buying a home in Wales for more than £250,000, you won’t be able to use the Help to Buy scheme.

Am I eligible for Help to Buy?

Not everyone will be eligible to use Help to Buy. Furthermore, the property you’re buying must also meet certain criteria.

  • The property must be a new-build
  • Limited to first-time buyers only in England
  • Available to first-time buyers and home movers in Wales
  • The home you’re buying must be for residential purposes and not buy to let
  • You must have at least a 5% deposit
  • The value of the property must fall within the regional cap for your area

Learn more about Help to Buy

Help to Buy can be useful in some situations, but there are also some potential pitfalls to consider.

Learn more by reading our Help to Buy guides:

If you’re still unsure of what to do, our advisors are available to help you with your mortgage application.

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About the author

Martin Alexander
Senior Mortgage Advisor | More Articles

Martin is a senior mortgage advisor and has held a CeMAP qualification for over 15 years while also completing an MBA in Global Banking & Finance.