A – priced £600,000 or less.

B – your main home (you can’t use Help To Buy to buy as a second home or as a buy-to-let property).

C – there are no income restrictions.

The government will provide a loan for up to 20% of the price, this loan is interest free for 5 years. You only require a 5% deposit.

For example:

Purchase Price of property = £100,000

Government equity share = £20,000

The share of the property you are buying is £80000

You require a deposit of £5000

In London this is now up to 40% deferred.