Remortgaging with a Help to Buy

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April 20, 2019

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Remortgaging with a Help to Buy

It’s pretty straight forward if you are looking to do just a simple like for like remortgage, you should get some great rates. 
 
If, on the other hand, you are looking to do one of the following whilst in the Help to Buy then it get’s a little complicated.
  • you would like to raise money for home improvements
  • you would like to raise money for debt consolidation
  • your HTB interest free period is coming to an end

As a general rule, lenders are not keen to provide further borrowing where the HTB remains in place. This means you will have to consider which is the best option for you, with the help of us of course. You can either remortgage onto a new fixed rate borrowing the same amount of money or you can raise money to buy out your HTB, more information on this here. Buying out the HTB will mean you can borrow more money for the reasons above but you need to decide which option is best for you.

This is a hard decision for sure, but we can help you with this by calculating the numbers. Contact Us for advice and help.

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