If you don’t have enough money to buy a home, the government may be
able to help you with financing through the "Help to Buy" program. Today, a lot of people are getting homes through this program
and a big question is whether you can re-mortgage your “help to buy” home. Although it took some time, a lot of
lenders in England have joined the help to buy sector and
are now offering home-owners a number of great options to re-mortgage
their homes. So indeed it is possible to re-mortgage your government help
to buy home. The most important thing to know is what lenders are
offering these options and the fees involved.
What You Need To Know About Re-mortgaging Your Government Help to Buy Home
There are some conditions that must be met if you are going to re-mortgage
your help to buy home. In light of this, it is important to
carefully understand all these conditions before you begin the process
of re-mortgaging your home. Here are a few things you need to know about
re-mortgaging a government help to buy home.
The Fees Are Different
There is no standard re-mortgaging fee for people who own government
help to buy homes. The fees will depend on the lender you are choosing.
For example, there are banks which can offer you a 2 year fixed at a 5%
rate for a fee of £999. There are also other banks that can offer a
rate of less than 5% and a relatively lower fee. The best thing to do is
to choose a flexible option that will not strain you financially.
Re-mortgaging Offers You an Opportunity to Renegotiate
Additionally, it is also important to note that you will get an
opportunity to renegotiate your mortgage and bring it down to terms that
are flexible enough. It doesn't matter if you are re-mortgaging a
government help to buy home or not; re-mortgaging will simply give you an
opportunity to renegotiate the mortgage deal the best way you can.
The question of whether it’s possible to re-mortgage your government
help to buy home has been asked so many times but it is clear that if
you wish to, you can be able to re-mortgage your home any time. However,
make sure you check the rates of lenders and the fees involved to ensure
you get a good deal. For more mortgage advice please contact us today or
visit our website http://www.mortgageadviceservices.co.uk/Labels: benefits of re-mortgaging, fixed rate mortgages, help to buy re-mortgage, re-mortgage rates, re-mortgaging fees, the re-mortgage process
