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Help To Buy - Remortgage to pay loan

Jones87
Jones87 Posts: 15 Forumite
Ninth Anniversary Combo Breaker
in Mortgages & endowments
Hi,

We're looking at remortgaging and paying off the full H2B loan. Does anyone know the process for this? It's probably just me but the Gov. site is confusing and contradicts itself. 

The "Request to remortgage and borrow more money form" doesn't allow you to provide any information to confirm how much you pay off.

Any help would be much appreciated. 

Comments

  • silvercar
    silvercar Posts: 49,768 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Why do you want to pay it off? I’d only do so if the interest rate on your mortgage was less than the interest rate on the HTB - unlikely at the moment - or if I expected my property price to rise rapidly in the next few years.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • kingstreet
    kingstreet Posts: 39,307 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The amount you repay is the percentage of the property value established by a valuation by a Chartered Surveyor.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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