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Help to buy: Equity Loan Workshop

The Help to Buy: Equity Loan scheme was introduced to help people who are having difficulty getting into, or moving up, the property ladder. The Government recognised that since the financial crisis, larger deposit requirements and falling equity values meant that many credit-worthy households could not get a mortgage, or were trapped in their existing homes unable to take the next step.

Help To Buy Logo

The scheme is providing £3.7 billion of investment to help support up to 74,000 first time buyers or existing homeowners to purchase a newly-built home. The scheme provides credit-worthy households with a 20% equity loan towards the purchase, with just a 5% deposit required to purchase a property with a value of up to £600,000.

The equity loan scheme is only available for the purchase of new-build properties. Since its launch, more than 12,000 people have reserved a new-build home and over 700 house builders have now registered to participate in the scheme.

If you are a small or medium sized house builder and would like to find out how your business can benefit from the success of this government scheme, then come along to one of the local workshops being run by the Department for Communities and Local Government.

The workshops will provide you with an opportunity to learn more about the scheme, how it works and operates, but also gives you a chance to hear from house builders already benefiting from the scheme.

The Homes and Communities Agency will also be on hand to help you register on the day and answer any questions.

Workshops will be held in the following regions:

Location Date

Gateshead

24 October

London

30 October

Bristol

5 November

Manchester

13 November

Birmingham

19 November

Cambridge

26 November

If you are interested in participating in any of the above workshops, please click here to register your interest

News Date: 17/09/13