Help To Buy Calculator

Help to Buy is a government- backed scheme which could help you get your hands on a brand new property from Lovell Homes with a deposit as little as a 5%.

How does Help to Buy work?

  • Help to Buy equity loan is not just open to first time buyers
  • You can buy your home with just a 5% deposit
  • The government will lend you up to 20% of the value of your new home in England and Wales, 40% in Greater London and 15% in Scotland
  • You will only need to secure up to a 75% mortgage in England and Wales, 55% in Greater London or 80% in Scotland, from a bank or building society
  • There is a maximum home purchase price of £600,000 in England, £300,000 in Wales and £230,000 in Scotland
  • Help to Buy equity loan is only available on new build homes.

Help to Buy Scheme Calculator

Open to both first time buyers and those looking to move up the property ladder, Help to Buy could make it easier for you to buy a new build home with just a 5% deposit. Find out how you can increase your budget with our handy Help to Buy scheme calculator.

Help to Buy

I am looking for a property in:

Your Deposit

How much deposit do you have?

£3,500
Min £3.5K
Max £30K

Equity Loan

Government loan up to 20% of the home value.

£14,000
Min £14K
Max £120K

Mortgage

Mortgage required.

£52,500
Min £52.5K
Max £450K

Property Price

Select your property price below.

£70,000
Max £600K

Custom Price

If you know your property price please enter here, to see your deposit, equity loan and mortgage.

Your Deposit

How much deposit do you have?

£2,500
Min £2.5K
Max £11.5K

Equity Loan

Government loan up to 15% of the home value.

£7,500
Min £7.5K
Max £34.5K

Mortgage

Mortgage required.

£40,000
Min £40K
Max £184K

Property Price

Select your property price below.

£50,000
Max £230K

Custom Price

If you know your property price please enter here, to see your deposit, equity loan and mortgage.

Your Deposit

How much deposit do you have?

£2,500
Min £2.5K
Max £15K

Equity Loan

Government loan up to 20% of the home value.

£10,000
Min £10K
Max £60K

Mortgage

Mortgage required.

£37,500
Min £37.5K
Max £225K

Property Price

Select your property price below.

£50,000
Max £300K

Custom Price

If you know your property price please enter here, to see your deposit, equity loan and mortgage.

Your Deposit

How much deposit do you have?

£3,500
Min £3.5K
Max £30K

Equity Loan

Government loan up to 40% of the home value.

£28,000
Min £28K
Max £240K

Mortgage

Mortgage required.

£38,500
Min £38.5K
Max £330K

Property Price

Select your property price below.

£70,000
Max £600K

Custom Price

If you know your property price please enter here, to see your deposit, equity loan and mortgage.

HTB Diagram

Your Results

Your Deposit (5%)£3,500

Equity Loan (20%)£14,000

Mortgage (75%)£52,500

Your Help to Buy
total budget

£70,000

Disclaimer
Help to Buy: Equity Loan *Move in with just a 5% deposit and 75% mortgage in England and Wales, 55% mortgage in Greater London and 80% in Scotland. Those looking to buy with Help to Buy require a 5% deposit as the government will provide up to 20% of the value of the property in an equity loan (40% in Greater London, 15% in Scotland), allowing buyers to access mortgages of up to the remaining 75%, 55% or 80% respectively with Help to Buy. The equity loan is interest free for the first five years, and can be repaid at any time or when you sell your home. Scheme available on selected properties in England, on homes up to £600,000, homes up to £300,000 in Wales and £230,000 in Scotland. Lovell cannot advise you on a mortgage. Your home may be repossessed if you do not keep you repayments on your mortgage or any debt secured on it. Subject to terms and conditions. Please ask for further details.