diff --git a/arch/arm64/kvm/hyp/include/nvhe/memory.h b/arch/arm64/kvm/hyp/include/nvhe/memory.h
index 88cb8ff9e769..08f3a0416d4c 100644
--- a/arch/arm64/kvm/hyp/include/nvhe/memory.h
+++ b/arch/arm64/kvm/hyp/include/nvhe/memory.h
@@ -8,7 +8,7 @@
 #include <linux/types.h>
 
 /*
- * SW bits 0-1 are reserved to track the memory ownership state of each page:
+ * Bits 0-1 are reserved to track the memory ownership state of each page:
  *   00: The page is owned exclusively by the page-table owner.
  *   01: The page is owned by the page-table owner, but is shared
  *       with another entity.
@@ -44,7 +44,9 @@ static inline enum pkvm_page_state pkvm_getstate(enum kvm_pgtable_prot prot)
 struct hyp_page {
 	u16 refcount;
 	u8 order;
-	u8 reserved;
+
+	/* Host (non-meta) state. Guarded by the host stage-2 lock. */
+	enum pkvm_page_state host_state : 8;
 };
 
 extern u64 __hyp_vmemmap;
diff --git a/arch/arm64/kvm/hyp/nvhe/mem_protect.c b/arch/arm64/kvm/hyp/nvhe/mem_protect.c
index caba3e4bd09e..1595081c4f6b 100644
--- a/arch/arm64/kvm/hyp/nvhe/mem_protect.c
+++ b/arch/arm64/kvm/hyp/nvhe/mem_protect.c
@@ -201,8 +201,8 @@ static void *guest_s2_zalloc_page(void *mc)
 
 	memset(addr, 0, PAGE_SIZE);
 	p = hyp_virt_to_page(addr);
-	memset(p, 0, sizeof(*p));
 	p->refcount = 1;
+	p->order = 0;
 
 	return addr;
 }
@@ -268,6 +268,7 @@ int kvm_guest_prepare_stage2(struct pkvm_hyp_vm *vm, void *pgd)
 
 void reclaim_guest_pages(struct pkvm_hyp_vm *vm, struct kvm_hyp_memcache *mc)
 {
+	struct hyp_page *page;
 	void *addr;
 
 	/* Dump all pgtable pages in the hyp_pool */
@@ -279,7 +280,9 @@ void reclaim_guest_pages(struct pkvm_hyp_vm *vm, struct kvm_hyp_memcache *mc)
 	/* Drain the hyp_pool into the memcache */
 	addr = hyp_alloc_pages(&vm->pool, 0);
 	while (addr) {
-		memset(hyp_virt_to_page(addr), 0, sizeof(struct hyp_page));
+		page = hyp_virt_to_page(addr);
+		page->refcount = 0;
+		page->order = 0;
 		push_hyp_memcache(mc, addr, hyp_virt_to_phys);
 		WARN_ON(__pkvm_hyp_donate_host(hyp_virt_to_pfn(addr), 1));
 		addr = hyp_alloc_pages(&vm->pool, 0);
@@ -382,19 +385,25 @@ bool addr_is_memory(phys_addr_t phys)
 	return !!find_mem_range(phys, &range);
 }
 
-static bool addr_is_allowed_memory(phys_addr_t phys)
+static bool is_in_mem_range(u64 addr, struct kvm_mem_range *range)
+{
+	return range->start <= addr && addr < range->end;
+}
+
+static int range_is_allowed_memory(u64 start, u64 end)
 {
 	struct memblock_region *reg;
 	struct kvm_mem_range range;
 
-	reg = find_mem_range(phys, &range);
+	/* Can't check the state of both MMIO and memory regions at once */
+	reg = find_mem_range(start, &range);
+	if (!is_in_mem_range(end - 1, &range))
+		return -EINVAL;
 
-	return reg && !(reg->flags & MEMBLOCK_NOMAP);
-}
+	if (!reg || reg->flags & MEMBLOCK_NOMAP)
+		return -EPERM;
 
-static bool is_in_mem_range(u64 addr, struct kvm_mem_range *range)
-{
-	return range->start <= addr && addr < range->end;
+	return 0;
 }
 
 static bool range_is_memory(u64 start, u64 end)
@@ -454,8 +463,11 @@ static int host_stage2_adjust_range(u64 addr, struct kvm_mem_range *range)
 	if (kvm_pte_valid(pte))
 		return -EAGAIN;
 
-	if (pte)
+	if (pte) {
+		WARN_ON(addr_is_memory(addr) &&
+			!(hyp_phys_to_page(addr)->host_state & PKVM_NOPAGE));
 		return -EPERM;
+	}
 
 	do {
 		u64 granule = kvm_granule_size(level);
@@ -477,10 +489,29 @@ int host_stage2_idmap_locked(phys_addr_t addr, u64 size,
 	return host_stage2_try(__host_stage2_idmap, addr, addr + size, prot);
 }
 
+static void __host_update_page_state(phys_addr_t addr, u64 size, enum pkvm_page_state state)
+{
+	phys_addr_t end = addr + size;
+	for (; addr < end; addr += PAGE_SIZE)
+		hyp_phys_to_page(addr)->host_state = state;
+}
+
 int host_stage2_set_owner_locked(phys_addr_t addr, u64 size, u8 owner_id)
 {
-	return host_stage2_try(kvm_pgtable_stage2_set_owner, &host_mmu.pgt,
-			       addr, size, &host_s2_pool, owner_id);
+	int ret;
+
+	ret = host_stage2_try(kvm_pgtable_stage2_set_owner, &host_mmu.pgt,
+			      addr, size, &host_s2_pool, owner_id);
+	if (ret || !addr_is_memory(addr))
+		return ret;
+
+	/* Don't forget to update the vmemmap tracking for the host */
+	if (owner_id == PKVM_ID_HOST)
+		__host_update_page_state(addr, size, PKVM_PAGE_OWNED);
+	else
+		__host_update_page_state(addr, size, PKVM_NOPAGE);
+
+	return 0;
 }
 
 static bool host_stage2_force_pte_cb(u64 addr, u64 end, enum kvm_pgtable_prot prot)
@@ -604,35 +635,38 @@ static int check_page_state_range(struct kvm_pgtable *pgt, u64 addr, u64 size,
 	return kvm_pgtable_walk(pgt, addr, size, &walker);
 }
 
-static enum pkvm_page_state host_get_page_state(kvm_pte_t pte, u64 addr)
-{
-	if (!addr_is_allowed_memory(addr))
-		return PKVM_NOPAGE;
-
-	if (!kvm_pte_valid(pte) && pte)
-		return PKVM_NOPAGE;
-
-	return pkvm_getstate(kvm_pgtable_stage2_pte_prot(pte));
-}
-
 static int __host_check_page_state_range(u64 addr, u64 size,
 					 enum pkvm_page_state state)
 {
-	struct check_walk_data d = {
-		.desired	= state,
-		.get_page_state	= host_get_page_state,
-	};
+	u64 end = addr + size;
+	int ret;
+
+	ret = range_is_allowed_memory(addr, end);
+	if (ret)
+		return ret;
 
 	hyp_assert_lock_held(&host_mmu.lock);
-	return check_page_state_range(&host_mmu.pgt, addr, size, &d);
+	for (; addr < end; addr += PAGE_SIZE) {
+		if (hyp_phys_to_page(addr)->host_state != state)
+			return -EPERM;
+	}
+
+	return 0;
 }
 
 static int __host_set_page_state_range(u64 addr, u64 size,
 				       enum pkvm_page_state state)
 {
-	enum kvm_pgtable_prot prot = pkvm_mkstate(PKVM_HOST_MEM_PROT, state);
+	if (hyp_phys_to_page(addr)->host_state & PKVM_NOPAGE) {
+		int ret = host_stage2_idmap_locked(addr, size, PKVM_HOST_MEM_PROT);
 
-	return host_stage2_idmap_locked(addr, size, prot);
+		if (ret)
+			return ret;
+	}
+
+	__host_update_page_state(addr, size, state);
+
+	return 0;
 }
 
 static int host_request_owned_transition(u64 *completer_addr,
diff --git a/arch/arm64/kvm/hyp/nvhe/setup.c b/arch/arm64/kvm/hyp/nvhe/setup.c
index 174007f3fadd..c315710f57ad 100644
--- a/arch/arm64/kvm/hyp/nvhe/setup.c
+++ b/arch/arm64/kvm/hyp/nvhe/setup.c
@@ -198,7 +198,6 @@ static void hpool_put_page(void *addr)
 static int fix_host_ownership_walker(const struct kvm_pgtable_visit_ctx *ctx,
 				     enum kvm_pgtable_walk_flags visit)
 {
-	enum kvm_pgtable_prot prot;
 	enum pkvm_page_state state;
 	phys_addr_t phys;
 
@@ -221,16 +220,16 @@ static int fix_host_ownership_walker(const struct kvm_pgtable_visit_ctx *ctx,
 	case PKVM_PAGE_OWNED:
 		return host_stage2_set_owner_locked(phys, PAGE_SIZE, PKVM_ID_HYP);
 	case PKVM_PAGE_SHARED_OWNED:
-		prot = pkvm_mkstate(PKVM_HOST_MEM_PROT, PKVM_PAGE_SHARED_BORROWED);
+		hyp_phys_to_page(phys)->host_state = PKVM_PAGE_SHARED_BORROWED;
 		break;
 	case PKVM_PAGE_SHARED_BORROWED:
-		prot = pkvm_mkstate(PKVM_HOST_MEM_PROT, PKVM_PAGE_SHARED_OWNED);
+		hyp_phys_to_page(phys)->host_state = PKVM_PAGE_SHARED_OWNED;
 		break;
 	default:
 		return -EINVAL;
 	}
 
-	return host_stage2_idmap_locked(phys, PAGE_SIZE, prot);
+	return 0;
 }
 
 static int fix_hyp_pgtable_refcnt_walker(const struct kvm_pgtable_visit_ctx *ctx,
