There are currently two Help to Buy schemes in England and Wales – 'Equity Loan' and 'Mortgage Guarantee'. Both require a 5% deposit and are available to first-time buyers and existing homeowners.
If you are looking to buy a home in London, then the new Help to Buy London Equity Loan is here to help. Further information on this scheme can be found here.
In Scotland there are two Help to Buy schemes available – ‘Mortgage Guarantee' and Help to Buy (Scotland) ‘Equity Loan’. Help to Buy (Scotland) funds are limited so you are urged to act now. More information on Help to Buy (Scotland) is available here.