Repay When Selling
This is the option for you if you are looking to repay all of your Help to Buy equity loan when you decide to sell your home.
If you’ve received an offer on your property, or you are close to agreeing a price to sell it, then you are ready to proceed with the next steps.
How much do you need to repay?
When you sell your home to repay your Help to Buy equity loan, the amount you repay will be based on either the market value of the property or the sale price — whichever is the higher.
The amount you repay will include interest, fees and any outstanding payments or arrears. All of these will need to be settled in full to complete the repayment process.
You’ll need a RICS valuation
How much you repay is based on what your home is worth at the time you repay — set by a Royal Institution of Chartered Surveyors (RICS) valuation. We’ve put everything you need to know in one place: what to tell your surveyor, how long a report lasts, desktop valuations, and what happens if a report is rejected.
Read the full valuation guideOur fixed fee when you sell
Includes the conveyancing fees associated with the property sale. Freehold property only.
- Sale price up to £250,000£1,995
- Sale price up to £500,000£2,095
- Sale price up to £750,000£2,195
(all prices incl. VAT)
Your conveyancing solicitor will be Threemo
This is an easy one! As Repay my Help to Buy is a trading name of threemo.co.uk, you are automatically in the safe hands of Trustpilot’s 5-star rated conveyancing provider. They have a “one, two, Threemo” approach to ensuring you have a seamless conveyancing service.
5-star rated on TrustpilotTheir primary focus is delivering exceptional service to their clients.
They strive to make the process as convenient as possible with their innovative, secure and easy to use online hub. As a client of Threemo you can access your case 24/7, upload files, request an update, or just keep up to date with progress — it’s really that simple.
They specialise in conveyancing, which allows them to provide a unique tailor-made service without distraction. All of their systems and processes are built around making your conveyancing journey as quick and efficient as possible.
Repayment of Help to Buy equity loans and conveyancing experts, all under one roof.
Complete the repayment application form
You need to complete and return the equity loan repayment application form and send it along with your evidence documents showing where your money is coming from. We’ve made this easy for you — answer a few questions and we’ll generate the completed form, email it to you, and show it on screen.
Generate Repayment Application FormPay the administration fee and any arrears to Help to Buy
In order to make a repayment to Help to Buy in respect of your equity loan, you need to pay an administration fee of £200 as part of this application for repayment.
Don’t forget, you will also have to clear any arrears or outstanding payments at the time you submit your application. If this is not possible, you may be able to continue with your repayment application if you agree to a payment plan, or clear the arrears at the same time as you repay your equity loan.
How to pay
You can pay by:
- bank transfer
- online, from a link they send you
- debit card, by calling 0300 123 4123
- cheque
You must tell their Customer Service team if you pay by bank transfer. Email customerservices@myhelptobuyloan.co.uk or call 0300 123 4123to confirm. Please include your account number, name and a brief summary of your query — for example ‘Administration fee’ — in the subject line.
If they have your mobile number, they will send you an SMS from ‘HelptoBuy’ with a unique link to HelptoBuy.paythru.com. The link works for 4 days from when they send it, and can only be used to pay your admin fee.
Payment details
- Bank name
- Lloyds Bank PLC
- Account name
- EQGATEWAY RE HE HELP TO BUY ADMIN
- Sort code
- 30-80-12
- Account number
- 24501860
Reference: Your customer account number, or first line of your address and postcode.
Help to Buy cannot progress your application unless they have received this payment. You may therefore wish to telephone them to confirm it has been received, to avoid any delay.
Your redemption letter
Once your application to repay your equity loan has been accepted, Help to Buy will send you and your conveyancer (Threemo) a redemption letter. This will only be issued once you have sent them:
- your RICS valuation report
- your completed application form (and any supporting documentation)
- your payment for the administration fee and any arrears
The redemption letter will confirm:
- that you can repay your equity loan
- the percentage of equity loan that you took out
- how much your repayment amount will be, based on your valuation report — including any outstanding interest, fees and arrears
The final steps to repay your Help to Buy equity loan
Threemo are experts in this area and will be in touch with you detailing any other requirements they have in order to complete the process.
They will request an “Authority to Complete”, which confirms Help to Buy are happy to proceed with the repayment. Help to Buy will not issue this if anything is outstanding.
Completing the process
- Threemo transfer the funds to Help to Buy to repay your equity loan (or part of it) on the day your sale completes. The amount they pay will include any interest, charges, administration fees and arrears that you owe. If you are paying monthly interest and management fees, you should keep making these payments until the process is complete.
- Threemo then send the necessary completion documents to Help to Buy.
- Help to Buy check the monies they receive against the amount requested on the Authority to Complete.
- Threemo will send you written confirmation of the payments made to Help to Buy.
- Once the full repayment has been made and accepted, Help to Buy will apply to the Land Registry to remove the Help to Buy charge registered against your property.
Official Help to Buy guidance
Straight from the government: a short explainer video and the official repayment guide.
Ready to begin the repayment process?
Tell us a few details and instruct Threemo to act on your behalf. Nothing to pay up front.
Ready to Repay