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.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
HTB Wales - Redemption
JD1987b
Posts: 2 Newbie
Hi,
I am looking for some advice as I am trying to pay off my HTB Wales Equity Loan and have read many contradictory articles/advice.
I am paying the loan off via additional borrowing on my mortgage. I have two options either apply for additional borrowing on my existing mortgage or change to a new lender and apply for additional borrowing at the same time.
Upon carrying out the additional borrowing it will take me to approximately 80% LTV so I am not concerned by that.
I have currently booked in a RICs valuation for submission to HTB.
Two questions.
Firstly - What is next. The post sales HTB document contradicts itself firstly it states I should inform them I am looking to repay prior to obtaining a valuation, afterwards it states that you get a valuation first.
Second question, anyone going/gone through the process what are the typical solicitors responsibilities and costs? Would it be cheaper from a solicitor point of view to remain with the existing lender?
Sorry for the long post.
Thanks
I am looking for some advice as I am trying to pay off my HTB Wales Equity Loan and have read many contradictory articles/advice.
I am paying the loan off via additional borrowing on my mortgage. I have two options either apply for additional borrowing on my existing mortgage or change to a new lender and apply for additional borrowing at the same time.
Upon carrying out the additional borrowing it will take me to approximately 80% LTV so I am not concerned by that.
I have currently booked in a RICs valuation for submission to HTB.
Two questions.
Firstly - What is next. The post sales HTB document contradicts itself firstly it states I should inform them I am looking to repay prior to obtaining a valuation, afterwards it states that you get a valuation first.
Second question, anyone going/gone through the process what are the typical solicitors responsibilities and costs? Would it be cheaper from a solicitor point of view to remain with the existing lender?
Sorry for the long post.
Thanks
0
Comments
-
I'll be going though this myself, but looking to repay in full. I believe it will cost about £1000 for all the fees. About £250 for survey, £200 to target and about £500 for solitor fees.1
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards