Government help to buy & Second property

Charlieengland9

Hi I was wondering if I could get some advice. 

I am currently in the armed forces and purchased a property 3 years ago. I have permission to rent this out with Barclays and has turned into a brilliant investment. 

I am wanting to buy a second property with my partner but I’m aware I am a little restricted until I pay off the government help to buy loan on applying for a second mortgage. 

So I have a few questions 

1. Is there any way I could be on the deed for a second property without being on the mortgage given the circumstances that I still have the help to buy loan? (If I was to give my partner some money) 

2. Would it be possible to switch over to an interest only mortgage with the bank if I have used the help to buy loan? (Use this money to pay off the help to buy quicker) 

3.Is there any more useful information I can have to pay off this help to buy loan any quicker? 

K_S

@charlieengland9

1. Afaik, it's only HSBC (direct, not through a broker) and FirstDirect that will consider more names on the deed than there are on the mortgage. This is from last year so don't know if it's still the case.

2. Not as long as you have the equity loan on it.

3. If you have sufficient equity in the property (at least 25%) and the rent numbers stack up, you could potentially do a capital-raise remortgage to an interest-only BTL mortgage and pay-off the H2B equity loan.