It is now closed to new applications, except in Wales. You could apply to the scheme in England until 31 October 2022 and home purchases must have been completed by 31 March 2023.
How Help to Buy works
The Help to Buy scheme offers an equity loan where the government lends first-time buyers in Wales money to buy a newly built home.
This must be used to buy your main residence, and can’t be used to buy a second home or a buy-to-let property.
You need a deposit of at least 5% of the purchase price.
You can borrow 20% of the purchase price. This amount is interest-free for five years.
The maximum purchase price for a Help to Buy property is £300,000.
You can’t use Help to Buy to buy a property above this limit.