We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Remortgaging - Help to buy redemption
binky21
Posts: 23 Forumite
Hi there,
I’m coming to the end of current fixed rate period and I’m looking to remortgage. My earnings have changed dramatically over the past two years and I’d like to buy my way of out the Help to Buy Equity Loan.
I know I have to pay for an independent valuation and forward this to Target to get a statement, however, it’s unclear whether I will need a conveyancer for this? I spoke to a broker recently and they mentioned the new mortgage provider may offer these services for a fee on top of the standard conveyancing offers that come with the majority of remortgage deals.
Also, is it worth using a broker for this? I read that some lenders are unwilling to consider those buying their way out of Help to Buy but I don’t understand why.
Many thanks in advance.
I’m coming to the end of current fixed rate period and I’m looking to remortgage. My earnings have changed dramatically over the past two years and I’d like to buy my way of out the Help to Buy Equity Loan.
I know I have to pay for an independent valuation and forward this to Target to get a statement, however, it’s unclear whether I will need a conveyancer for this? I spoke to a broker recently and they mentioned the new mortgage provider may offer these services for a fee on top of the standard conveyancing offers that come with the majority of remortgage deals.
Also, is it worth using a broker for this? I read that some lenders are unwilling to consider those buying their way out of Help to Buy but I don’t understand why.
Many thanks in advance.
0
Comments
-
Some lenders do offer free legal services as part of the mortgage product package. To remortgage you will require a solicitor. Who at the very least will need to be on the lenders panel.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards