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!
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
Paying off help to buy
Bpaul20
Posts: 5 Forumite
Our help to buy 5 years is up September 2021 at the same time as our 5 year fix rate mortgage with nationwide.
Our plan is to remortgage with additional borrowing to pay off the loan, we were going to wait until the end of the 5 years. However I’m going on maternity leave in August for a year so when we are due to remortgage in before September 2021, my payslips will not be representative of my income as will be on my lowest side of maternity pay (I’m an nhs nurse).
Will this matter?
Are we better to remortgage now, whilst I have true payslips, and the mortgage rates are low?
We would have to pay a 1% early repayment charge (around £1600)
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards