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Shared Equity Help
smurf83
Posts: 5 Forumite
Hello,
This is the first time I have posted.
I have a 40% share (£51,600) in what was a £129,000 flat and have been here for 3yrs originally on a 2yr fixed rate and now on a tracker but am not tied in to a contract with Halifax.
I think the property is now worth £120,000(ish) so I am just in equity.
I am finding it very difficult re-mortgaging as i want to buy more shares which I can do in 10% blocks based on the current market value, ideally i want to buy it outright but this seems impossible as we do not have a deposit to make up the difference in LTV.
I dont know whether it is worth buying anymore now and just stick at 40%.
Does anyone have any advice??
Hope this all makes sense.:)
This is the first time I have posted.
I have a 40% share (£51,600) in what was a £129,000 flat and have been here for 3yrs originally on a 2yr fixed rate and now on a tracker but am not tied in to a contract with Halifax.
I think the property is now worth £120,000(ish) so I am just in equity.
I am finding it very difficult re-mortgaging as i want to buy more shares which I can do in 10% blocks based on the current market value, ideally i want to buy it outright but this seems impossible as we do not have a deposit to make up the difference in LTV.
I dont know whether it is worth buying anymore now and just stick at 40%.
Does anyone have any advice??
Hope this all makes sense.:)
1 win so far 2 x Guiness Premiership Tickets
0
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