
If you purchased your property with a Help to Buy Mortgage Scheme, our experienced team of Help to Buy solicitors can assist with the redemption of this loan. Whether this is part of your property sale or because you are now able to redeem the loan in full due to a change in circumstances, we will guide you through every step.
We can also deal with a remortgage on your behalf which consolidates your mortgage and Help to Buy loan into a single agreement.
Before you proceed, you will need to contact Target, the company appointed to manage Help to Buy mortgages on behalf of the Homes and Communities Agency. They will provide a redemption pack, which requires an admin fee and a valuation report before they can issue your redemption figure.
As part of the redemption process, our Help to Buy conveyancing solicitors will ensure that the Homes and Communities Agency remove the charge from your property title. Once completed, you will receive an updated title showing the loan has been fully redeemed. The estimated timescale is usually 8–10 weeks, depending on how quickly you are able to obtain the redemption figure from Target.
Our team of Help to Buy conveyancing solicitors provide clear and practical advice throughout the process, making sure you understand all the legal and financial implications. We also have expertise in dealing with Help to Buy equity loan redemption, remortgages, and property sales involving the scheme.
By working with our specialist Help to Buy equity loan solicitors, you gain the reassurance of professional legal support, ensuring your transaction is handled efficiently and with your best interests in mind.