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Help to Buy update

Following on from Monday’s Budget announcement on the 29th November 2018, we thought it might be useful for you to have an overview of the details around the upcoming changes to Help To Buy.


  • The scheme as it currently stands will run until March 2021.
  • This week’s budget announced that, from April 2021, a new version of Help To Buy will be introduced.
  • The new scheme will run for two years, finishing in March 2023.
  • The Government does not intend to introduce a further Help to Buy Equity Loan scheme after March 2023.

    The 2021 version has been designed to ensure Help To Buy funding goes to those who need it most. To achieve this aim, the 2021 version of Help To Buy will be available exclusively to first-time buyers (currently available to anyone) and a regional property price cap will also be introduced (currently capped at £600,000 outside of London).


    The new regional property price caps are shown in the table below. They are set at 1.5 times the current forecast regional average first-time buyer price, up to a maximum of £600,000 in London.

    Price cap for properties eligible for Help To Buy from April 2021 to March 2023.

    Region Price Cap Value

    • North East - £186,100
    • North West - £224,400
    • Yorkshire and The Humber - £228,100
    • East Midlands - £261,900
    • West Midlands - £255,600
    • East of England - £407,400
    • London - £600,000
    • South East - £437,600
    • South West - £349,000

    Source: HM Treasury analysis


    Whilst it is great news that a version of Help To Buy will be available for an additional two years; the current version can help more people take their spot on the property ladder. With mortgage rates still incredibly competitive as Lenders vie for market share, NOW is the time to buy!