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3. Repaying the shared equity loan

The shared equity loan needs to be repaid within 25 years. However, you are free to pay off the shared equity loan at any point within that period.

You can repay either a proportion of the loan you received, or the loan in its entirety, without selling the property – this is known as staircasing. Under the terms of the loan:

  • you can staircase at any time after completion
  • following any staircasing, the remaining balance of the Help to Buy – Wales shared equity loan must be at least 5% of the market value
  • you cannot staircase if you are in arrears with your monthly Help to Buy – Wales payments, unless those arrears and any other outstanding fees or expenses are paid off at the same time as you staircase

If you are looking to change the ownership of your property, you will need the written permission of Help to Buy (Wales) Ltd.  You will need to complete the Change of Ownership Form.

If you are planning to sell your home, make improvements or transfer ownership, you will need the permission of Help to Buy (Wales)Ltd.  If any of the circumstances apply to you, you will need to complete the Post Sales Instruction Form.

If you are planning to sell, make improvements to or transfer ownership of your Help to Buy – Wales home, you should read our post-sale information leaflet.

You must instruct your own Royal Institution of Chartered Surveyors (RICS) valuer to carry out the valuation and confirm the current Market Value. Read the valuation guidance.

If you are repaying or re-financing your existing financial arrangements, you must also obtain a market value of the property by instructing an independent valuer who is a qualified member of RICS.

Further information about your Help to Buy - Wales agreement can be found in the Help to Buy - Wales : Post sales guide