Help to Buy closed to new applicants in February 2023, but if you used it between 2013 and 2023 the repayment terms still apply to you. Here's what you actually owe.
| Loan % of current value | 0% |
|---|---|
| Repayment status | — |
| This year's interest charge (if applicable) | £0 |
The single most misunderstood part of Help to Buy is that the repayment is calculated as your loan percentage of the CURRENT property value, not the original loan amount — if your home has gone up, so has the pound amount you owe, even though the percentage never changes. No interest is charged for the first five years; from year six it starts at 1.75% of the amount you originally borrowed and rises each year by RPI plus a set margin (commonly 1%, though some post-2018 loans use RPI + 2% — check your own paperwork). The escalator and RPI inputs above are editable so you can model your own agreement, but the exact figures depend on your specific Help to Buy contract, so confirm the precise numbers with Homes England or your loan administrator before relying on this for a real repayment decision.
This calculator is illustrative only and does not constitute financial advice. Always confirm figures with a lender, broker or HMRC before making a decision.
Property Pundit UK