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Shared Ownership Remortgage
Kelly14
Posts: 1 Newbie
Hi,
I live in a Shared Ownership Property & would like to remortgage for an extension. I know some mortgage companies allow remortgage but only to buy more shares in the house - has anyone remortgaged their SO property for an extension?? Does anyone know a bank that will allow this??
Thanks
Kelly
I live in a Shared Ownership Property & would like to remortgage for an extension. I know some mortgage companies allow remortgage but only to buy more shares in the house - has anyone remortgaged their SO property for an extension?? Does anyone know a bank that will allow this??
Thanks
Kelly
0
Comments
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Do the other party who own the property give their consent for the extension? It seems strange that they would as this type of property is normally required to stay in the FTB market.
On my SO mortgage, i am not allowed to borrow any additional money, regardless of how much equity i have in the property. I'm with Halifax.Mortgage - £37k
Credit Card (A&L) -[STRIKE] £2300 -[/STRIKE] £1200
Santander Credit Card - [STRIKE]£1400[/STRIKE] £1100
[STRIKE]OD - A&L - £1300[/STRIKE] GONE!!!
"I will be debt free, I will be debt free!"0
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