Help to Buy remortgage option from Hanley Economic BS.
If you have bought your first home under the Help to Buy scheme, what options are available for you to remortgage?
Help to Buy mortgages are for new builds and are made up of 5% deposit from the buyer, 75% mortgage and the remaining 20% of the property’s value coming in the form of a government loan.
Once you are in a position to remortgage, Hanley Economic’s option helps you buy back the 20% to gain full ownership of your home. The lender is also including £1000 cashback and a free standard valuation in addition to the two year discounted pay rate of 1.94%.
Other conditions include:
- loan amounts accepted of between £30,000 - £500,000
- ERC of 3% of the balance (if paid within 2 years)
- no additional credit scoring or product fees to consider
For further details on this remortgage option, why not chat online to one of our advisors? We can also point you in the direction of other suitable remortgage options and compare all the possibilities for you. This way, you can see at a glance which one best serves your unique circumstances.
As Deal Direct are a whole of market broker, we can source remortgage options for you from anywhere in the UK. As mortgage rules have increased in complexity, we can help you successfully navigate the mortgage maze and come out on the other side with a new offer.