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Your options

Option 1: Repay all of the equity loan

If you want to exit the Help to Buy scheme, you can remortgage your current property and increase the total amount you borrow to repay the equity loan in full.

View remortgage products

Option 2: Keep the equity loan

If you want to remain in the Help to Buy scheme, you can keep the equity loan and remortgage what is left. However, to do so, certain requirements must be met.

View Help to Buy Remortgage products


Important information



Repay all of the equity loan
  • You need to meet our standard lending criteria
  • Your LTV must not exceed 90%
  • To calculate the amount required to repay all of the equity loan, you will need to have your current property valued by a RICS (Royal Institute of Chartered Surveyors) Certified Surveyor
  • A £200 administration fee is payable to Homes England for redeeming the entire equity loan
Keep the equity loan
  • You need to meet our standard lending criteria
  • Your LTV must not exceed 75%
  • You will need consent from Homes England
  • The new loan must not exceed the existing loan amount with your current lender without prior agreement from Homes England
  • The mortgage term must not exceed the term of the existing mortgage. For example, if you are remortgaging a 25 year mortgage which is five year into the term, the new mortgage cannot exceed 20 years
  • A £115 administration fee is payable to Homes England for keeping the equity loan



Useful contacts

Help to Buy: www.helptobuy.gov.uk

Target: www.myfirsthome.org.uk

Royal Institute of Chartered Surveyors (RICS): www.rics.org/uk