Repaying Help to Buy? Valuation and solicitor, booked together.

You book a RICS valuation, then a conveyancer applies to Homes England and gives them an undertaking to send the money. Once it is paid, the loan’s charge comes off your home. It works the same whether you remortgage, sell or use savings.

The same share of your home’s value today as you borrowed when you bought, not the amount you borrowed. Borrow 20% and you repay 20% of what the home is worth now, plus any interest or fees owed. If your home has gone up in value, so has the loan.

Homes England only accepts a valuation from an independent RICS-registered valuer to set your home’s value. It stays valid for a short time, so book it when the money is ready to move.

Yes, this is called staircasing. Homes England sets a minimum size for a part repayment, and each one needs its own valuation.

The RICS valuation is £299 and the redemption solicitor is £720, with £120 of that paid at the start. Homes England also charges an administration fee of £200, which is paid to them, not to us.

Yes. Most people repay by remortgaging when the interest-free years end. Your new lender lends against the valuation, and the solicitor pays Homes England on completion.

The loan is repaid from the sale. The sale price is used instead of the valuation if it is higher, and the solicitor handles the redemption alongside the sale.

Yes. The steps are similar but the fees and the organisation you deal with differ. Our redemption guide covers England and Wales separately.