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Help To Buy Repayment

Help To Buy Repayment

Help To Buy Repayment

Date: October 17, 2018

The Help to Buy Government initiative was first introduced in October 2013. This allowed purchasers to buy a property with a 20% interest free loan for a period of 5 years interest free from the Government (40% loan in London).

This may have allowed you to purchase a home which you did not think was possible!

With this initiative beginning in 2013 you may be reaching the end of your 5 year interest free term and may look at what options are available to you.

You can do the following:

  1. Sell your property and pay the Help to Buy loan in full;
  2. Keep your property and repay the Help to Buy Loan in full:
    1. Whether this is by way of a re-mortgage/further loan; or
    2. Having the funds available to repay the loan; or
  3. Partially repay the Help to Buy loan.

The redemption of your Help to Buy Loan is a simple and stress free process, provided you are aware of what you need to do, so please allow us to guide you!


  • Organise your funding, if this is by way of a re-mortgage or further loan, you may wish to speak to a Financial Advisor.
  • Instruct a RICS qualified surveyor to provide you with a valuation of your property.
  • Contact Target (the Government Help to Buy Agency who deal with repayment of this loan).
    • Provide Target with a copy of the Valuation
    • Pay Target’s administration fee (approximately £200)
    • Provide them with your Solicitor’s details
  • Target will then contact your Solicitor, the legal work can begin and we do the rest!

We can recommend a Financial Advisor, RICS surveyor and of course ourselves to undertake the legal work! We can also provide you with the contact details of Target.            

With 10 offices and a very experienced Residential Property Team, please contact us on 0800 160 10 10 or 01609 780 717.


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