Help to Buy Repayment: How Lawson West Solicitors Can Guide You Every Step of the Way

Here’s What You Need to Know

Buying your first home is exciting – but let’s be honest, it can also feel overwhelming. The government’s Help to Buy scheme opened doors for thousands of first-time buyers, before the Equity Loan scheme closed in 2023 after many homeowners took up the scheme, leaving many people wondering: What happens next? Whether you’re selling, remortgaging, or just repaying your equity loan, the process can feel like a maze. That’s where we come in…

What Is Help to Buy?

Help to Buy was designed to make home ownership possible for more people by offering an equity loan of up to 20% (40% in London). It meant smaller deposits and bigger dreams. But now, reality kicks in: the loan must be repaid when you sell or after 25 years, and interest charges apply after five years. These details matter and they can catch people off guard.

Why Legal Advice Matters

• Selling a Help to Buy Property: Repayment isn’t based on what you paid – it’s based on today’s market value. That means valuations, paperwork, and coordination with Homes England.
• Remortgaging or Early Repayment: There’s a strict process, and missing a step can cause delays or extra costs.
• Exploring Alternatives: Shared ownership? First Homes? We’ll explain the options so you make the right choice for your future.

How Lawson West Solicitors Can Help

We know this isn’t just about bricks and mortar – it’s about your life plans. Our team:

• Guides you clearly: No jargon, just practical advice.
• Keeps things moving: We liaise with Homes England and lenders so you don’t get stuck in red tape.
• Plans ahead: Thinking of selling or repaying your equity loan? We’ll make sure your legal position is secure.

Why Choose Us?

Because buying or selling a home should feel exciting – not stressful. With considerable experience in the area of Help to Buy, at Lawson West Solicitors, we combine deep property law expertise with a personal touch. We don’t just tick boxes; we anticipate obstacles and solve them before they become problems. Our goal? To make your journey smooth, informed, and worry-free.

Providing excellent service standards to our clients is our number one priority and our reviews speak for themselves: “Thank you to Rachael and the team at Lawson West for their advice and hard work. They were professional, responsive and efficient in all aspects. I would use them again.”

How can we help?

For an experienced Conveyancing Team you can trust, with offices in Leicester & Market Harborough, please contact us on telephone 0116 212 1000 or 01858 445 480, alternatively fill in the free Contact Us form and we will get in touch as soon as possible.