# Help to Buy Mortgages: Complete Government Scheme Guide
Help to Buy is a government scheme designed to help first time buyers and existing homeowners purchase new build properties.
## What is Help to Buy?
Help to Buy provides an equity loan of up to 20% (40% in London) of the property value, reducing the deposit and mortgage amount required.
## How Help to Buy Works
### Equity Loan
– **Government loan** of up to 20%
– **No interest** for first 5 years
– **Repayable** when you sell or remortgage
– **New build** properties only
### Eligibility
– **First time buyers** or existing homeowners
– **Property value** limits apply
– **Cannot rent out** the property
– **Must be your** main residence
*Interested in Help to Buy? Our specialist brokers can help you understand the scheme and find suitable properties.*