Need to repay your Help to Buy Equity Loan?
Repaying your Help to Buy Equity Loan is an exciting step towards owning your property outright. With an Equity Loan you were able to borrow up to 20% of the value of your home (40% if you live in London) that was interest free for the first 5 years of owning your house. There are two main ways that people repay their equity loans by...
- Paying the loan in full, or in 10% chunks throughout the term of your loan, or,
- Paying the full loan back when you sell your home
Both of these options require you to obtain an independent Valuation Report as the amount you pay back is calculated as a percentage of the value of your home. That's where we come in, contact us today to discuss your plans for the future and make the first steps towards settling up on your equity loan.