A Help to Buy equity loan can provide extra money for the deposit you'd like to put towards a new build home. If you have a 5% deposit, through the Help to Buy equity scheme, you may be able to borrow up to an additional 20% (or 40% in Greater London) towards your new home. Then you’d be able to apply for a Nationwide mortgage of up to 75% (or 55% for Greater London).
All Help to Buy shared equity loans are interest free for five years. After that, you’ll need to pay a monthly interest fee on top of your monthly mortgage payments. If you sell your property you'll need to repay any outstanding balance on your equity loan as well.
Find out more about Help to Buy equity loans