Watch the video or read on for all the information you need!

Watch the video or read on below for all the information you need!

It only takes a few minutes to see if you are eligible. We will go through your situation in more detail for free before you decide if you want to take back full ownership of your home

Click here to arrange your free initial consultation

Why should you pay off your Help to Buy loan?

It's interest free for 5 years... what's the rush?

Whilst your Help to Buy loan is interest free for 5 years, the actual amount you need to repay is fixed at 20% of the value of your home. This means if your house goes up in value, so does the amount you need to pay back!

Repay it as soon as you can

The longer you have a Help to Buy loan for, the more it will end up costing you. As your property increases in value over time, so too does the amount you owe on your loan. This is because it is set at 20% of the value of your house, regardless of how much you actually borrowed.

Make it work for you

If you get the timing right, you can end up not paying back any more than you borrowed in the first place. You may also be able to do it before you start paying interest too! Don't forget your interest payments start after 5 years.

How it works

When you bought your home you will have borrowed 20% of the value from Help To Buy. Then you will have had at least 5% deposit yourself so that leaves you with a mortgage up to 75% of the value of the house.

If we assume the value of your home is roughly the same as it was when you bought it, you will naturally have a little more equity now as you have repaid some of your mortgage.

This means we can increase your mortgage by enough to repay your loan and still leave some equity left over.

If you have some savings as well then that is a bonus!

Do you know the cost of your Help To Buy?

Cost of the interest

You probably know that there is no interest to pay for the first 5 years

But from year 6 onwards you wil start to pay 1.75% plus £1 admin fee.

This interest then goes up each year by the consumer price index plus 2%.

For example, a Help To Buy loan of £60,000 in year 6 will cost £87.50 each month.

Cost of increasing home value

As you borrowed 20% of the value of your home, as your home increases in value over the years, so too will the amount you need to repay.

For example, a house originally bought for £300,000 with a £60,000 Help To Buy loan increasing in value to £350,000 will mean you would repay £70,000, an extra £10,000!

So as house prices increase year on year your debt is also increasing.

Don't just take our word for it...

"I highly recommend Adam at Vantage Mortgages. We recently presented Adam with a tricky mortgage challenge and not only did he rise to the challenge, he exceeded our expectations and found a fantastic deal enabling us to purchase our dream home. Incredibly professional and friendly" - Jo

"I'd highly recommend this company. Gemma was continously helpful throughout the entire process. She was very quick to respond to all queries I had, even after typical working hours, and always with a helpful response.

I couldn't be happier with the service and I can honestly say that this process would have been so much more stressful had I not utilised them" - Dean

"Fab service! Super efficient, great communication, made the whole process of re-mortgaging easy and stress free. Thank you" - Helen

So what are your options now?

Do nothing...

Sure, it may not be costing you each month right now, but it soon will! And do you know if property prices are increasing?

For example; Let's say you bought your home for £300,000 and borrowed £60,000 from HTB. If you wait until your home is worth £325,000 you will repay £65,000!

If you are paying the monthly interest that makes it even more costly! And don't forget, the monthly payment is NOT repaying it like your mortgage payment slowly repays your mortgage.

Wait a little while...

You may not be quite ready yet, that's fine with us, we will still be here when you are.

You may still be tied in to your initial fixed rate, we would need to factor in any penalties you might have with your existing lender, we can help you decide if it is best to do it now or to wait.

You may just want to make the most of not having a monthly payment for a while, that's understandable too, just remember if you house starts to increase in value, it will end up costing you!

Talk to the experts...

Get in touch with us for a no obligation chat, leave us your details and one of our experts will call you and go through your exact situation.

There will never be any pressure from us, it may work now, it may be best to wait, either way we will give you honest feedback and information

So click on the button below and you will be one step closer to being free of Help To Buy!

You have nothing to lose!