We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Remortgage to pay off shared equity?
rlc7
Posts: 17 Forumite
Hi there,
My question is pretty much what is said in the title. Is it possible to remortgage to pay off shared equity?
30% of my property was paid for by Lift's open market shared equity scheme. Would any banks give you a mortgage based on the full value of the property to pay off the equity?
My question is pretty much what is said in the title. Is it possible to remortgage to pay off shared equity?
30% of my property was paid for by Lift's open market shared equity scheme. Would any banks give you a mortgage based on the full value of the property to pay off the equity?
0
Comments
-
Yes. Subject to status and valuation.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
-
0
-
That you meet the lender's credit and affordability criteria and the property valuation is acceptable.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards