Mortgage321 Help to Buy
Mortgage321 Help to Buy Wall Art
Mortgage321 Mortgage Desktop
Mortgage321 Help to Buy Desktop Screen Logo
Mortgage321 Help to Buy Desk

Government’s Help to Buy scheme (2021 - 2023) could help you take the first steps towards your new home.

  • You can apply for the new scheme from 16th December 2020.

  • The scheme is ONLY for first-time buyers

  • How much you can borrow will depend on which region the property is within 

Gaining professional mortgage advice using the Help to Buy Equity Loan Scheme is a must, so contact us now.

About Help to Buy Equity Loan (2021 -2023).

Help to Buy Equity Loan is a loan from the government that you put towards the cost of buying a newly built home. Help to Buy aims to help first-time buyers to get on the property ladder. If you’re eligible for an equity loan, you can borrow up to 20% (40% if you’re in London) of the market value of a new home.


When you take out an equity loan, you only pay interest on the amount you borrowed. You should be aware that the interest payments you make do not go towards repaying your equity loan. You cannot make monthly repayments to reduce your loan, but you can choose to repay it all or in part at any time.


If you sell your home, you will need to repay all of your equity loan. You can only apply for Help to Buy if you reserve your new home with a Help to Buy registered homebuilder.

How it works.

With an equity loan, we lend you a minimum of 5% and up to 20% (or up to 40% in London) of the market value of your newly built home. The amount you can spend on the home depends on where in England you buy it.

The maximum property price is the full purchase price. You cannot change or negotiate this price. Your homebuilder will be able to confirm if the home you want to buy is within the price range. You must: • pay a deposit of 5% of the purchase price of your new home at exchange of contracts • arrange a repayment mortgage of at least 25% of the purchase price of your new home.


An equity loan is secured against your property in the same way a repayment mortgage is. The Help to Buy: Equity Loan scheme is not regulated by the Financial Conduct Authority (FCA).

Am I Eligible? (2021 - 2023)

To be eligible for Help to Buy Equity Loan 2021- 2023 you must be a first-time buyer.


You and anyone you’re buying a home with must:

• not own a home or residential land now or in the past in the UK or abroad

• not have had any form of sharia mortgage finance.

All applications made by anyone that is married or in a civil partnership will have to be a joint application with their spouse or civil partner.


You will need to sign a legal declaration to confirm that you are first-time buyers. Your conveyancer will explain this to you. When you buy your new build home with an equity loan, you must be able to afford the monthly fee and interest payments. You must tell us if you or anyone you are buying with has a connection with a homebuilder, as this could affect your eligibility for the equity loan scheme.


If you have a large deposit and can secure a mortgage without Help to Buy Equity Loan consider if an equity loan is right for you.

Mortgage321, Specialists in Help to Buy Equity Loan Mortgages for all types of credit backgrounds

Address: Suite 152, 9 St Johns Street

Colchester Essex CO2 7NN United Kingdom

Tele: 01255 440142 or 0800 612 8292



Opening Times: Monday - Saturday 9am - 10pm 

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Mortgage321 is a trading style of Matthew Christopher Pigrome who is an appointed representative of Ingard Financial Limited which is authorised and regulated by the Financial Conduct Authority No 450731. DPA number Z1704032. 

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit

Please be aware that by clicking on to the external links contained within this website, you are leaving the Mortgage321 website. Please note that neither Matthew Christopher Pigrome nor Ingard Financial Ltd are responsible for the accuracy of the information contained within the linked site(s) accessible from this website.

The information contained on these webpages is for information purposes only and does not constitute individual advice.

Please contact us to arrange a consultation.

The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.

*Source Trigold June 2019

© Copyright Mortgage321 2020 | Website by: Mortgage321