Repaying Help to Buy Equity Loan- What proof do I need


Will I need to get a solicitor, provide months of bank statements, show my job contract etc like I did when I bought my HTB property?

I saved up (no holidays, kept same car etc) to repay the full amount, and was 'just' hoping to transfer the money to the HTB agent, but have seen I need to get  RICS valuation etc.

I know their is a form I have to fill in to start the process which is here Repay your Help to Buy: Equity Loan - GOV.UK (



  • Flugelhorn
    Flugelhorn Posts: 5,427
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    sounds like you need the valuation and solicitors details - not sure why you would need contract and bank statements?
  • kingstreet
    kingstreet Posts: 38,616
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    A solicitor handles the transaction as a second charge will need to be removed from the Land Registry when the loan is repaid. A RICS valuation is needed to establish the property value and hence the amount to be repaid as it is a percentage of that value.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • chanz4
    chanz4 Posts: 10,852
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    When did myn shop around for rics, sams conveyancing was cheapest for this type and did it well.  You show proof to the sol where funds are from etc, make sure you keep on top of the help to buy agency, they are dire and slow
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • fjireland
    fjireland Posts: 28
    First Post
    Paying back help to buy without remortgaging is much simpler …

    when I did it with a remortgage it took 6 months 

    when I did 10% with cash savings, it took 6 weeks from valuation to completion 

    you will need a rics valuation, pay the help to buy fee, pay a solicitor (who did ask for bank statements to show savings) … you will get a letter from land registry a week or two after saying the second charge has been removed from your home 

    I found my solicitor costs were roughly the same both times 
    June 2017 - £295k mortgage/htb 
    June 2020 - £270k mortgage/htb
    Dec 2021 - £228k mortgage 
    Dec 2022 - £195k mortgage 
    Dec 2023 - £162.5k mortgage 
    Dec 2024 Target - £140k mortgage 
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