Getting started

Help to Buy for
first time buyers

Support for first time buyers

With the Government's Help to Buy scheme, your first home could be closer than you think as it offers an Equity Loan of up to 20% of the property value. 

Helping you buy your home

Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000.

A loan of up to 20% of the value of your home.

The Government could lend you up to 20% of the cost of your newly built home with a Help to Buy: Equity Loan.

This means you may only need a 5% cash deposit and 75% mortgage to make up the rest of the purchase price.

You won't be charged loan fees on the 20% loan for the first five years of owning your own home.

The upper limit on the loan for new home buyers in Greater London is 40%

The scheme will run until the allocated funding is used up.

How Royal Bank of Scotland can help

Created with Sketch.

An additional loan

If you're a first-time buyer our equity loan could work alongside your mortgage to help you buy your new home.

How much can I borrow?

Use our tool to get an idea of how much you could borrow with a Royal Bank of Scotland mortgage to help start your homebuying journey.

Is there something else you're looking for?

Created with Sketch.
Created with Sketch.