Help to Buy

Are you a buyer considering Help to Buy?


  • The closing date for submitting your application for Authority to Proceed for the existing Help to Buy scheme was Tuesday 15 December.
  • Once you have completed a reservation, there are a few key timeframes to work towards:
    • The Property Information Form needs to be submitted to a Help to Buy agent (by your mortgage broker or yourself)
    • Authority to Proceed will be issued within 8-9 working days
    • Following the issue of the mortgage offer and near completion of conveyancing, your solicitor will apply for Authority to Exchange from a Help to Buy agent; this will take 3-4 working days to be issued
    • Once contracts have been exchanged, your solicitor will apply for Confirmation to Provider, which will take 2 working days to be issued and legal completion can then take place
    • You have until 31 March 2021 to reach practical completion on your purchase
    • If you reserved your future home before 30 June 2020, you have until 31 May to reach legal completion


  • Help to Buy 2021 - 2023 is for First Time Buyers only; that means that anyone who has already acquired a major interest in a dwelling or residential land anywhere in a world will not be eligible
  • If a property is being bought by more than one individual then all purchasers must be First Time Buyers
  • The property value is capped at £600,000 in London and varies across the country depending on region
  • Applicants will be required to undergo a sustainability check with a Help to Buy Agent to ensure they can afford to sustain their home ownership
  • Upon reservation, the purchaser is required to immediately apply to the relevant Help to Buy Agent for the Help to Buy: Equity Mortgage
  • If the purchaser’s application is ineligible, the reservation will be cancelled and the reservation fee of £500 will be refunded in full
  • Eligible Purchasers will be able to apply to access a Help to Buy: Equity Mortgage for up to 20% of the Full Purchase Price outside of London and up to 40% in London (this is subject to the Regional Full Purchase Price Cap for the relevant region a new build property is located in)
  • There is no cap on the Eligible Purchaser’s household income
  • Eligible Purchasers will be required to raise funding, (comprising a First Charge Lender Mortgage with an Approved Lender plus a deposit of at least 5%) of at least 80% (60% in London) of the Full Purchase Price
  • It is a strict condition of the Help to Buy: Equity Loan 2021 - 2023 programme that Eligible Purchasers must always contribute a 5% cash deposit (5% of the Full Purchase Price) to their purchase upon exchange of contracts

Our team of New Build development experts are on hand to answer your questions, whether you are a buyer or a developer applying for a Help to Buy allocation.

London Residential Development

020 3451 1544

Country Residential Development

What our research team has to say

What will be the impact of the new Help to Buy scheme? Read the forecast from Hamptons Research.