There are different ways to purchase using the Help to Buy scheme and depending on which scheme that you have used will determine the process if you need to sell.

If you purchased your home with an Equity Loan

You can sell your home at any time and when you do so the Equity Loan and mortgage will need to be repaid on the completion of the sale.

You will need to contact the National Post Sales Agency, who will appoint an independent valuer who will decide what your property is worth.

You can then sell the property on the open market at the price agreed by the independent value. The agency will not agree to release the property for any less than the market valuation price.

When you sell the property, you will need to repay the value of the loan as a percentage of the final sale price. If the property is sold above the market value, then you will need to repay the percentage of the actual sale price.

If you are selling your current home, you will need to complete this sale before you will be able to secure another Help to Buy Equity loan if they are available.