Help to Buy & Shared Ownership Explained

If you’re struggling to save a large deposit or need extra support to get on the property ladder, government-backed schemes like Help to Buy and shared ownership may offer a solution.

Help to Buy (Note: Scheme Closed to New Applicants as of 2023)

  • The Help to Buy equity loan allowed buyers to purchase new-build homes with just a 5% deposit.

  • The government lent up to 20% (40% in London) of the property value interest-free for 5 years.

  • Although closed to new applicants, existing participants still benefit from the support and must repay the equity loan upon sale or at the end of the loan term.

Shared Ownership (Still Available):

  • You purchase a percentage of the property (typically 25%–75%) and pay rent on the remaining share.

  • Over time, you can purchase additional shares (called "staircasing") until you own more or all of the property.

  • Shared ownership lowers the upfront deposit needed and provides a stepping stone into full homeownership.

Other schemes may include:

  • First Homes Scheme (England only):
    Discounted new-build homes for eligible first-time buyers and key workers.

  • Lifetime ISA (LISA):
    Government bonus for saving towards your first home.

Is it right for you?

Government schemes can offer valuable support but come with specific eligibility rules, limits, and long-term implications. We’ll review all options to find what works best for your situation.

"Government schemes can provide a valuable helping hand onto the property ladder, but they’re not suitable for everyone. We’ll explain the benefits, eligibility rules and long-term implications clearly, so you can choose with confidence."