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Mychoice homebuy scheme rapayment
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Littlefish
Posts: 1 Newbie
I bought my house through the mychoice homebuy scheme (MHO) 5 years ago. If I want to make early payments (min 10%) I have to do a valuation each time.
Is it possible to remortgage my share and pay the equity loan off?
Any advice will be appreciated
Is it possible to remortgage my share and pay the equity loan off?
Any advice will be appreciated
0
Comments
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Yes. If you have enough equity and can demonstrate affordability for the new mortgage, you should be able to remortgage and repay your current mortgage and the equity loan.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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