Help to Buy interest calculator
See roughly what the interest on your Help to Buy equity loan costs now and how it could rise over the next five years. Interest starts five years after you bought your home and goes up every April.
We pick the scheme from the date you bought; change it if your paperwork says otherwise. The yearly rise uses the official RPI or CPI figure, so the inflation figure here is only an assumption you choose. The rate still rises each April even if inflation is 0%.
Interest doesn't reduce what you owe. To repay, you pay your loan percentage of your home's value at the time, based on a RICS valuation, plus a Homes England admin fee of up to £200. A £1 monthly management fee is also charged.
Talk to us about repayingHow your interest could rise
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Figures are estimates. Homes England writes to you each February with your actual rate. If you've already repaid part of the loan, your interest will be lower.
This information is a guide only and should not be relied on as a recommendation or advice that any particular mortgage is suitable for you.
All mortgages are subject to the applicant(s) meeting the eligibility criteria of the specific lender.
You should make an appointment to receive mortgage advice which will based on your needs and circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.