Product Transfer Question Barclays Mortgage - Help to Buy

assassin12

Hi,

I originally took out a help to buy mortgage 5 years ago, which I have now paid off the full 20% equity loan to the government back from savings from employment (phew ) 
I was looking to do a product transfer with my current mortgage provider (barclays) Will they be able to offer me a normal mortgage  product transfer and not a help to buy product transfer seeing as I have already paid off the loan in full? I was not looking to borrow more money or extend my years or anything in that nature.

I'm nearing the end of my 5 year period so was wondering if anyone has come acorss this before themselves and were able to advise?

The reason that I'm trying to avoid a normal remortgage with a broker and solicitor is due to costs and that we are currently going through an RTM process in our block at the moment and I don't want our existing building management company to hold up the remortgage process in any way. 

silvercar

Not sure in retrospect whether paying off the HTB loan was the wisest move, given that it will have a lower interest rate than you will be able to get on your main mortgage.

in answer to your question, you should have a choice of their main mortgage products now that you don’t have HTB 

Newbie_John

When I log in to my Barclays app I can see my mortgage account there.
If you're within six months from the end of your 5 years period - you would see all the available options to you.

The options there are quite up to date, we had an issue that our mortgage was now close to 66% LTV based on purchase price 5 years ago - but taking into consideration the house price increase we have managed to apply for an option with 60% LTV.
So it saved me overpaying and calling.

What can you see there?