Equity Loans

70th Anniversary

If you are buying a new build property the government will lend you up to 20%* of the purchase value of the property. There are no fees paid on the 20% for the first 5 years of the equity loan and you only need a 5% deposit with a 75% loan to value mortgage.

*Please note that if you live in London the equity loan is higher at 40% of the property value.

Key points on Equity Loans

  • Equity loans are available for new build properties only;
  • They are available for first time and non-first time buyers;
  • When a property is sold, the relevant share of the loan is paid back to the government; and
  • Hunt & Coombs will treat the loan similarly to how we treat a mortgage and will repay the loan with your proceeds of sale.

On completion of your new build, you cannot own any other property or you will not qualify. As this scheme is only available to residential properties, you cannot sublet or enter into any part exchange deals on your old home.

Developers are keen to utilise this scheme and typically have sales executives that are familiar with the process, as well as contacts with local Help to Buy agents. Please note that whilst this scheme runs in England there are similar schemes operating in Wales, Northern Ireland and Scotland.

Advice on protecting yourself against online fraud

Online fraud is on the increase specifically in property transactions. To help keep yourself safe from this threat please view our advice on protecting yourself.

Equity Loans Lawyers

Pippa Woodcock

Associate - Team Leader Residential Property

Amanda Buttress BA (Hons)

Partner - Residential Property

Amanda Atkinson SocLc

Licensed Conveyancer

Claire Burns


James Steward LLB


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Key contact

Pippa Woodcock

Associate - Team Leader Residential Property

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90th Anniversary
Legal 500 Leading Firm Hunt & Coombs received Investors in the Environment Green accreditation again

Hunt & Coombs LLP is a Limited Liability Partnership registered in England and Wales, Registration no. OC320243, VAT no. 120013160. Hunt & Coombs LLP is authorised and regulated by the Solicitors Regulation Authority with Registration no. 443035. A list of members is available at 35 Thorpe Road, Peterborough PE3 6AG.
© Hunt & Coombs Solicitors 2023.

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