Repaying Your Help To Buy Equity Loan

Repaying Your Help To Buy Equity Loan

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Remortgaging your home can be a good way to pay back your Help to Buy Equity Loan (the government loan that formed part of your Help to Buy Mortgage). When you consider that you will need to start paying back the loan after 5 years, this becomes an attractive prospect, as you can focus more on paying back the rest of your mortgage.

A potential advantage of repaying the equity loan in full, is that any future uplift in the value of the property after you pay back the Help to Buy, will be 100 per cent for your benefit and won't need to be shared with the Government.

To be considered for a Help to Buy Remortgage, most lenders will require that you’ve raised at least 10% of the equity on your current mortgage.

Work Out What You Owe:

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