Government Housing Schemes

Halifax supports a range of government backed initiatives including Right to Buy, Shared Ownership and the Help to Buy: Equity Loan. So if you're a first time buyer, there could be a scheme that's right for you.

help to buy logo

Mortgage guarantee scheme

You can apply for a first time buyer or home mover mortgage of up to 95% of the property’s value under the Government’s mortgage guarantee scheme.

If you’re planning to put down a deposit of at least 5% but less than 10%, to qualify you’ll need to be:

  • a first-time buyer or home mover
  • thinking about borrowing less than £570,000
  • buying a property that’s not a New Build, Shared Ownership, Shared Equity, Right to Buy or buy to let
  • applying for a qualifying mortgage by 31 December 2022 (however, the scheme may be withdrawn earlier)
  • applying for a mortgage with a loan to value (LTV) of more than 90% and less than, or equal to 95%.
  • Thinking about getting a repayment mortgage and not interest only.

Lending is subject to an affordability assessment, credit score and a full mortgage application. You can apply for a mortgage under the scheme by following our usual application process.

First time buyer mortgages

Home mover mortgages

Halifax is proud to support the Government's Help to Buy scheme. If you’re a first time buyer struggling to get on the property ladder, the Government can provide you with a loan (called an equity loan) which you then add to your deposit for the house you want to buy. We’re happy to support you with a mortgage.

For more details speak to a mortgage adviser once you have agreed the equity loan with the Government's schemes advisers.

How does the Help to Buy: Equity Loan work?

  1. Use the regional links below to contact the agent in the area you would like to live.
  2. Speak to one of our mortgage advisers to start your application.
  3. Find a property and make an offer.
  4. Complete your mortgage application.

You could lose your home if you don’t keep up your mortgage repayments

Mortgage Calculator

Find out how much your mortgage payments could be.

Mortgage calculator

Need to talk to us?

You can speak to one of our mortgage advisers in person, or chat things over on the phone.

Call us on 0345 850 3705

Mon-Fri 8am - 8pm Sat 9am - 4pm

Come into branch - you'll need to book an appointment beforehand

Best Overall Lender

What mortgage awards logo.

We've won the what Mortgage award 2020 award for
Best Overall Mortgage Lender.