Help to Buy redemption

Introduction

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If you bought your home with a Help to Buy equity loan, you’ll eventually need to repay it — this is called redemption. Here’s how the process works.

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Step 1: Decide How to Repay
   •    You can repay when remortgaging, selling, or just paying off the loan directly.

 

Step 2: Get a Valuation
   •    An independent RICS surveyor must value your property (the loan is based on property value, not the original loan amount).

 

Step 3: Apply to Redeem
   •    Submit your valuation and redemption request to Homes England (or their administrators).

 

Step 4: Instruct a Conveyancer
   •    Your conveyancer handles the legal paperwork, liaises with Homes England, and ensures the loan is redeemed correctly.

 

Step 5: Completion
   •    Once funds are transferred, the Help to Buy charge is removed from the Land Registry.

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Conclusion

Redeeming your Help to Buy loan can be a big step towards full ownership.

 

 Our team can guide you through the process smoothly — get in touch today.