How do I pay off the building companies share in my property??

FunkyBadger

I have a new build property which I have lived in for 3 years. When I purchased the property the builders paid 25% of the deposit. I have tried to sell my house on the market since November 2011 but unfortunately I haven't managed to sell it at the moment. I am wondering if anyone could help me with some advice. I want to pay the company off to own the house completely, with either to take out a completely new mortgage to cover the payment or take out a loan. I have spoken to my mortgage company, Halifax, but they would only re-mortgage my property up 80%, so ideally I would like to try and get a 90 – 95 % mortgage.
I would like advice on this please, if anyone could help please.

opinions4u

You save up.

Simon_gloster

Your plan is not going to happen. Depending on the amount you either save or take a personal loan (not ideal at all). You need to ask the company how much they want for you to buy them out