Paying off help to buy after 2 years in new home

darkcloudi

I will have lived in my new home for 2 years in October (this year) so was thinking of options on whether to do this or wait out the 5 years. The plan is to re-mortgage the premises to cover the 20% (or possible the 10% at the moment) owed, am I correct to assume all I need is to get a conveyancer (was going to use my previous solicitor I used), someone to survey the premises who is RICS certified, mortgage company (existing one) to lend me the extra and that is all. Since I am thinking of sticking with the same lender guessing its not worth going through a broker? 
I can afford the extra payments now so thought it would be a good time to do it, or alternatively overpay the current mortgage with these payments and look into paying off the help to buy in 3.5 years time.

amnblog

Where is the value going?
If up, buying now saves a mortgage expensive buy out later.
If down, buying now means a more expensive buy out.

foxy-stoat

You need to weigh up;
3 years left of interest free credit against 3 years worth of increased value in the property against interest you can earn in a savings account or interest saved on the mortgage interest.

Thrugelmir

Might as well overpay the mortgage. The HTB debt is currently interest free. 

darkcloudi

Thats the difficulty, it looks that the prices have risen in my area at this present time, but difficult to say how that proceeds in 3 years time. With my current situation I thought it would be better to buy out now, I may regret it if the price did drop but thats the information I have at this present time. Is it fairly easy to buy back the other share fro Help to Buy (H2B), not sure if the mortgage company would need to do there own survey to in addition to the RICS certified one that H2B require.