The schemes available now
The original Help to Buy equity loan closed in 2023, but several genuine schemes remain — and new ones have taken its place.
Lifetime ISA
A government-backed savings account that adds a 25% bonus to your savings, up to £1,000 per year. You can save up to £4,000 a year and use the full amount (plus bonus) towards a first home worth up to £450,000.
Shared ownership
Buy a share of a home (typically 25–75%) and pay rent on the rest. You can staircase — buy more shares over time. It's a genuine route on for buyers who can't afford a full purchase.
First Homes
A government scheme offering new build homes at a discount of at least 30% to local buyers and key workers. The discount stays with the property when you sell, helping the next buyer too.
Deposit Unlock
Lets you buy a new build with a 5% deposit, with the developer insuring the mortgage against the lender. It opens up lower-deposit new build purchases without a family guarantor.
There's no single "best" scheme — the right one depends on your savings, your income, and where you're buying. The key is knowing what's actually available.
How much deposit do you really need?
- 5% — available on many new build and existing homes via Deposit Unlock and standard 95% mortgages.
- 10% — opens up better rates and more lenders.
- 0% — possible via 100% mortgages from Skipton, Gable and April, subject to eligibility.
Get the right advice
Schemes change, eligibility is complex, and the wrong choice can cost you thousands. We'll walk you through every option you're eligible for and help you pick the one that genuinely fits your situation.
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