The Help to Buy scheme is available on new-build homes costing up to 600,000 and advertised as Help to Buy by a registered developer.
The Government provides a loan of up to 40 per cent of the value of the property meaning buyers need a deposit of five per centanda mortgage for the remaining 55 per cent.
Here are five hot Help to Buy schemes on sale in London at the moment.
Live in Zone 1, with fabulous transport links and within an impressively evolving regeneration zone.
As well as homes this development includes renovated railway arches now home to independent shops, and some of the flats have iconic views of the Shard and the London Eye.
Prices start at 557,500 for a one-bedroom flat (nhgsales.com).
The southern tip of the Isle of Dogs represents the best of both worlds, with quaint Greenwich and the wilds of Greenwich Park a 10-minute walk in one direction, and the monster regeneration zone of Greenwich Peninsula a couple of miles to the north.
Island Gardens DLR provides good transport links.
This corner of the Isle of Dogs has so far resisted regeneration but Calders Wharf overlooks the Thames, the homes are high-spec, with Siemens and Smeg kitchen appliances, underfloor heating and timber floors.
Prices start at 497,500 for a one-bedroom flat (johnsand.co).
An emerging London village, with independent shops, cafs, and restaurants set around a green, and just a mile or so from the bright lights of Islingtons Upper Street or the grit of Dalston.
The nearest station is Dalston Kingsland, 10 minutes away, or you could use Londons Cycle Superhighway to head to the City.
Newington Gate is a boutique development of 72 flats with a communal garden.
Prices start at 470,000 for a one-bedroom flat, and 600,000 for a two-bedroom flat (newington-gate.co.uk).
London's original docklands are being reinvented with vast investment in new homes and facilities. Over the next few years 3.7 billion will be spent on homes, bars and restaurants, public spaces, cultural venues and sports facilities.
Gallions Point sits right at the eastern side of the docks close to Gallions Reach Docklands Light Railway station, with trains to Canary Wharf taking 15 minutes.
A new river bus pier opened at the Royal Docks last month, for those who prefer to commute by water.
Prices start from 348,750 for a one-bedroom flat, and the development has its own landscaped courtyards, a residents lounge and concierge (gallionspoint.co.uk).
Get real bang for your buck and a quick commute at this riverfront development.
The first of just over 900 new homes beside the River Roding went on sale last month and the first residents will move in next year.
As well as homes the site will have shops, cafs and open spaces, while Barking station is a 15-minute walk away with trains to Fenchurch Street taking 15 minutes.
Prices start at 308,000 for a one-bedroom apartment and 390,000 for a two-bedroom apartment (freshwharf-barking.com).
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