Get Rich Slow Club

234. Help to buy scheme: Should you buy a house with the government?

Jan 26, 2026
Clear breakdown of the shared-equity Help to Buy scheme and how the government contributes to purchase price. Ownership split and how the government’s equity share affects you. Eligibility rules, income and price caps across states. A worked example showing numbers. Rules on renovations, refinancing and insurance, plus risks when selling or income changes.
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INSIGHT

Government Becomes Co-Owner Of Your Home

  • The Help to Buy scheme lets the government own a proportional share of your home while you live in it.
  • You own and live in the property but share gains and losses with the government on sale or buyout.
INSIGHT

Big Government Share, Tight Access

  • The government can contribute up to 30% for existing homes and 40% for new homes, lowering deposit needs.
  • The scheme waives lenders mortgage insurance but limits participants to 10,000 slots and two lenders.
INSIGHT

Strict Eligibility And Price Caps

  • Eligibility includes citizenship, age, income caps, and a ban on current property ownership.
  • Regional price caps vary by state and can restrict which homes qualify under the scheme.
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