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
Help to buy: Getting out plan
doreen24miran
Posts: 1 Newbie
Hi. I'm a solo buyer and I bought my house using HTB loan. I'm already planning how to pay it off in 5years while it's still interest free. I don't have plans to stay in it for more than 5 years as my boyfriend and I are planning to buy a bigger house in the future so I'm thinking to either sell it or rent it out. I'm living in the North East and here are a couple of things I have in mind but I'm not sure what would be best for our future plan
1. Overpay my mortgage and remortgage 100% HTB loan in year 5 before selling it or renting it out.
2. Remortgage 100% of the HTB loan in year 5 then sell or rent out
3. Pay 100% HTB loan through my savings in year 5 then sell or rent out
Other options will be greatly appreciated. Thank you.
1. Overpay my mortgage and remortgage 100% HTB loan in year 5 before selling it or renting it out.
2. Remortgage 100% of the HTB loan in year 5 then sell or rent out
3. Pay 100% HTB loan through my savings in year 5 then sell or rent out
Other options will be greatly appreciated. Thank you.
0
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
- 604.1K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards