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borrow more but payments stay the same?
janeydon_2
Posts: 3 Newbie
Hi I have just heard from a friend who has informed me that because I bought my house on a right to buy of the local council and my three years is up so I don't have to give them anything if I was to sell I can remortgage and borrow more money but my payments stay the same is this true? sounds too good to be true to me can anyone help thnx jay
0
Comments
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The only way you can get more money for the same repayments is by taking a longer term or getting a better deal (interest rate etc). Whats your current deal?0
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