Remortgaging with Homebuy

kingstreet

I've just realised, I haven't revalued the equity loan in line with the increase in the property value.

So the figures are now as follows;-

£166k value
£49.8k equity loan
£96k outstanding mortgage

so the loan to value is 88%, not 85% and you have c£20k equity.

Sorry about that. I forgot you give them a portion of any increase in the property value when you pay them back.

rodd-y-ler

Thanks for your help, had a chat with a colleague and what he said makes what you said make sense now.

As it stands, we wouldn't have moved to the next LTV banding, so probably wouldn't get better deals, just letting it drop to the SVR for the time being is probably going to be the most cost-effective thing until rates start to rise.

Cheers