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how to buy back-home buy durect scheme
Frenc_Connection
Posts: 5 Forumite
hi,
I d like to get some ideas and opinions on how to be able to borrow more money to buy back the 15% the home buy direct owes on my house.
I bought my house through that scheme and have benefitted of an interest free lending for 15% of my house but now I have to start to pay a fee every month. I want to borrow more money to be able to buy this back but RBS told me that I cant borrow more than 90% of the value of my house.
I am thinking of going to a broker but I thought I d ask on this forum as some of you might be in the same situation, please feel free to share. thanks
I d like to get some ideas and opinions on how to be able to borrow more money to buy back the 15% the home buy direct owes on my house.
I bought my house through that scheme and have benefitted of an interest free lending for 15% of my house but now I have to start to pay a fee every month. I want to borrow more money to be able to buy this back but RBS told me that I cant borrow more than 90% of the value of my house.
I am thinking of going to a broker but I thought I d ask on this forum as some of you might be in the same situation, please feel free to share. thanks
0
Comments
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Are you in England?
Presummably you could remortgage with a Help To Buy 95% mortgage guarantee ?Changing the world, one sarcastic comment at a time.0
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