diff --git a/arch/arm64/kvm/hyp/nvhe/setup.c b/arch/arm64/kvm/hyp/nvhe/setup.c
index ab44e004e6d3..e31149965204 100644
--- a/arch/arm64/kvm/hyp/nvhe/setup.c
+++ b/arch/arm64/kvm/hyp/nvhe/setup.c
@@ -166,7 +166,6 @@ static int finalize_host_mappings_walker(u64 addr, u64 end, u32 level,
 					 enum kvm_pgtable_walk_flags flag,
 					 void * const arg)
 {
-	struct kvm_pgtable_mm_ops *mm_ops = arg;
 	enum kvm_pgtable_prot prot;
 	enum pkvm_page_state state;
 	kvm_pte_t pte = *ptep;
@@ -175,15 +174,6 @@ static int finalize_host_mappings_walker(u64 addr, u64 end, u32 level,
 	if (!kvm_pte_valid(pte))
 		return 0;
 
-	/*
-	 * Fix-up the refcount for the page-table pages as the early allocator
-	 * was unable to access the hyp_vmemmap and so the buddy allocator has
-	 * initialised the refcount to '1'.
-	 */
-	mm_ops->get_page(ptep);
-	if (flag != KVM_PGTABLE_WALK_LEAF)
-		return 0;
-
 	if (level != (KVM_PGTABLE_MAX_LEVELS - 1))
 		return -EINVAL;
 
@@ -216,8 +206,7 @@ static int finalize_host_mappings(void)
 {
 	struct kvm_pgtable_walker walker = {
 		.cb	= finalize_host_mappings_walker,
-		.flags	= KVM_PGTABLE_WALK_LEAF | KVM_PGTABLE_WALK_TABLE_POST,
-		.arg	= pkvm_pgtable.mm_ops,
+		.flags	= KVM_PGTABLE_WALK_LEAF,
 	};
 	int i, ret;
 
@@ -252,6 +241,10 @@ void __noreturn __pkvm_init_finalise(void)
 	if (ret)
 		goto out;
 
+	ret = finalize_host_mappings();
+	if (ret)
+		goto out;
+
 	pkvm_pgtable_mm_ops = (struct kvm_pgtable_mm_ops) {
 		.zalloc_page = hyp_zalloc_hyp_page,
 		.phys_to_virt = hyp_phys_to_virt,
@@ -261,10 +254,6 @@ void __noreturn __pkvm_init_finalise(void)
 	};
 	pkvm_pgtable.mm_ops = &pkvm_pgtable_mm_ops;
 
-	ret = finalize_host_mappings();
-	if (ret)
-		goto out;
-
 out:
 	/*
 	 * We tail-called to here from handle___pkvm_init() and will not return,