Help to Buy


What is Help to Buy?

Help to Buy is one of a range of schemes from the government to help make buying your first home more affordable. Otherwise known as the Help to Buy equity loan, it is available for first-time buyers buying a new build property.

How much could you afford

How does Help to Buy work?


You'll only need a 5% deposit to get on the property ladder.


The Government could lend you up to 20% interest free for 5 years, and repayable at any time, or when you sell.


So you can get a regular mortgage from a bank or building society for as little as 75% of the price.


You own 100% of your home! Unlike other schemes, you will fully own your home.

Help to Buy calculator

Use our Help to Buy calculator to work out how much you could afford to spend on a new home using the Help to Buy equity loan.

Please enter your annual household income

How much can I borrow?

Our calculator will provide a quick indication of whether you're likely to be able to buy a home using the style equity loan. This is based on your income, property price and location. There are regional caps. Here at Jelson, we are experts in the East Midlands, so if you are looking to buy a home in the area, use our East Midlands Help to Buy calculator.

Enter your annual household income to see how much you could afford to spend on a new home in the East Midlands.

Your 5% deposit


Your 20% Government loan


Your 75% mortgage


So you may be able to afford a new Jelson home up to the value of:


This calculator is based on a Help to Buy property price cap in the East Midlands of £261,900. In the West Midlands, the Help to Buy property price cap is £255,600. Our developments Corner House View, Bulkington and Lockley Gardens, Nuneaton are in the West Midlands region. All other Jelson developments are in the East Midlands region.

Based on the information you've entered, this is calculated on the ability to borrow 4.5 times your household income.

This information doesn't contain all the details you need to choose a mortgage. By providing this information, we are not making any recommendation or giving any advice. This calculator only gives you an indication of the amount you could borrow, so the figure it shows could be different from the amount you could actually borrow.

Find your new Jelson home with Help to Buy

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Help to Buy FAQs


How exactly does Help
to Buy work?

You may have heard that the Government’s Help to Buy scheme changed from 16 December 2020, so as part of our policy of keeping home buyers fully informed, here is a summary of how it now works.

First-time homebuyers who are eligible for an equity loan can borrow up to 20% (40% in London) of the purchase price of a new build home.

How much you can spend on your home depends on which region it is in, in the East Midlands this is capped at £261,900 and in the West Midlands this is capped at £255,600.

You pay a minimum deposit of 5% of the purchase price of your new home at exchange of contracts and arrange a repayment mortgage of at least 25% of the purchase price of your new home.

You won’t be charged interest on the equity loan for the first 5 years. Interest fees start at 1.75% and rise each year in April by the Consumer Prices Index (CPI) plus 2%. You pay a monthly management fee of £1 for the life of the equity loan.

An equity loan is secured against your property in the same way as a repayment mortgage. You must repay the equity loan when you sell the home, pay off your repayment mortgage or reach the end of your equity loan term. But, you can repay all or part of the equity loan any time before then.


Is Help to Buy worth it?

This scheme has helped hundreds of thousands of families purchase their properties since its launch in 2013. As with any scheme there are pros and cons, and you should do your research thoroughly. Ultimately, only you can decide if this scheme is right for you and we’re here to help you answer any questions you may have.


When does the Help to
Buy scheme end?

While these schemes are reviewed each year, the latest version of this scheme runs from April 2021 to March 2023.

Interested to find out more?


More ways we can help you move

Part Exchange

Let Jelson Homes take away all the stress of your dream move by becoming your guaranteed buyer through its Part Exchange* scheme.

An easier way to move

Mortgage Helpline

Contrary to media coverage, mortgage criteria are being relaxed by certain providers and there are some cracking deals around.

How it works

Help to Buy is available on all homes for first-time buyers, with a purchase price up to £261,900 in the East Midlands and £255,600 in the West Midlands, subject to status and affordability criteria, terms and conditions apply. The Help to Buy scheme is subject to availability and may be withdrawn at any time without notice. Not to be used in conjunction with any other offer. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Not available for second homes or buy to let properties.