Cost of repaying help to buy now going to be sky high

[Teandbuns]

Anyone else who was hoping to remortgage to repay their help to buy in next year or so. Looked at the cost and will over double our mortgage. Are you still considering it?

No, the cost of paying interest on the HTB is much less than the interest on remortgaging to pay off the HTB so it will just tick along. Kick that can further along the road!

We’ll have already left it 10 years and just worried if we leave it any longer house prices will have gone up even more (our loan already increased massively) plus to the monthly repayments just for the loan to element will be even more overwhelming it over just 10 years instead of 15.

We are in 2025, we've decided if mortgage rates are around 4% we will pay it off via the mortgage, if they're higher we will likely delay 2 years (depending on house price and rate projections). Whilst mortgage interest rates are high and house prices starting to stagnate there isn't a rush to pay it off, I'm relieved we have options tbh, which is nice considering how people slate HTB.