Can I buy out of the Help to Buy scheme?

Yes!

You have the option to pay off all or part of your Help to Buy equity loan at any time.

In order to pay off part or all of the Help to Buy scheme, you will have to do so in one lump sum using either funds from savings or potentially money raised through a remortgage of the property.

When paying any amount off of the Help to Buy equity share, you will need the property to be valued by a RICS certified property surveyor; there will be a cost for this which you will also need to cover.

You will also need a solicitor to undertake the legal work for you, so you need to plan for those costs as well as the Help to Buy scheme fees which are currently £200.