Myself and my partner bought our first home through the help to buy scheme 6 months ago. We are looking to sell our home before the interest kicks in after the 5 interest free year period (only purchased a new build because of the HTB scheme) . But I'm concerned that we won't have much equity in our house after we've paid the HTB loan off in 5 years time.
House price - £250k
5% deposit put down on the house - £12,500
HTB Equity loan - £50k
£187,500 mortgage at 1.86% (5 year fixed)
So if my maths is right, if we sell the house at 250k (provided house prices haven't increased or decreased), we'll be left with £32,500 after the mortgage and the loan have been paid off?