The Help to Buy equity loan scheme is for the purchase of new build properties, available to first-time buyers and home movers. The government will lend you 20% of the purchase price, and you only need a minimum 5% deposit. This means you only need a 75% mortgage, potentially offering better rates than higher loan to values making buying your new home more affordable.
You pay no interest on the 20% Government loan for the first five years, and then this is paid back in monthly installments with a low-interest rate increasing year on year.
Example (Source: http://www.helptobuy.org.uk/):
At Mortgage & Money Management we can discuss whether this is the right option for you. Please contact us for more details.