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LTV on a shared equity property?
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catroundhouse
Posts: 1 Newbie
Hi
Can anyone answer my question for me?
We have a 60% part share in a shared equity house which is also 40% owned by our local housing assosciation.
When we purchased two years ago we had no deposit and so our mortgage was 100% of the 60% share.
Our mortgage deal has recently ended and we are thinking of remortgaging.
What I need to know is this,... If we remortgage will our current Loan To Value (LTV) be 100% or 60%?
Many Thanks
catroundhouse
Can anyone answer my question for me?
We have a 60% part share in a shared equity house which is also 40% owned by our local housing assosciation.
When we purchased two years ago we had no deposit and so our mortgage was 100% of the 60% share.
Our mortgage deal has recently ended and we are thinking of remortgaging.
What I need to know is this,... If we remortgage will our current Loan To Value (LTV) be 100% or 60%?
Many Thanks
catroundhouse
0
Comments
-
Two years ago?
About 125% of the 60%...0
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