How to Repay Your Help to Buy Loan (and How a Mortgage Broker Can Help)

But eventually, you’ll need to repay the equity loan, and knowing how to do it can save you stress (and money).

At Verve Financial, we help homeowners plan their Help to Buy loan repayment and find the right mortgage to make it happen smoothly. Here’s how it all works.

 How the Help to Buy Loan Works

The Help to Buy scheme offered an equity loan — not a cash loan — for up to 20% of your home’s value (or 40% in London) to boost your deposit.

The key point is: you repay the same percentage of your home’s current value, not the amount you originally borrowed.

Example:

• Original purchase price: £250,000
• Help to Buy loan: 20% (£50,000)
• Current home value: £300,000
• Repayment amount: 20% of £300,000 = £60,000

So as your home’s value rises, so does the amount you owe.

When You Need to Repay

You’ll need to repay your Help to Buy loan when:

• You sell your home, or
• You reach the end of your mortgage term, or
• You remortgage and want to remove the equity loan.

You can also repay earlier — either in full or partially (known as staircasing). Each repayment must be at least 10% of your home’s market value.

The Repayment Process Step-by-Step

1. Get a RICS valuation – You’ll need a surveyor to confirm your home’s current market value.
2. Contact Homes England – They’ll tell you exactly how much you owe and what forms you’ll need.
3. Arrange your funds – Many people remortgage to raise the money to repay their equity loan.
4. Settle the loan – Once paid, you’ll own a bigger share (or all) of your home outright.

Remember: there are admin fees and valuation costs to factor in.

 How a Mortgage Broker Can Help

Repaying your Help to Buy loan can be confusing — especially if you’re also remortgaging. Here’s how a mortgage broker like Verve Financial can make it easier:

Find the right remortgage deal

We have access to the whole of market for mortgages and are able to search on your behalf— whether you’re paying off the loan in full or part.

Plan your repayment strategy

We’ll help you decide whether to:

• Repay the full amount
• Staircase gradually
• Or keep the loan temporarily if it’s more cost-effective

Handle the admin for you

We take care of communication with Homes England, your solicitor, and your lender to make the process stress-free.

Provide clear financial guidance

Our team will explain how each option affects your monthly payments, equity, and long-term goals — so you can move forward confidently.

Final Thoughts

Repaying your Help to Buy loan is a milestone moment — it means you’re taking another step toward full home ownership and financial freedom.

Whether you’re remortgaging, staircasing, or selling, Verve Financial can help you make a clear plan and find the right mortgage deal for your situation.

Ready to repay your Help to Buy loan?
Book a free, no-obligation chat with Verve Financial today — we’ll guide you through every step and help you find the right remortgage deal for your goals.