We have done it plenty of times so depending on your financial circumstances yes you can remortgage. At this stage it may be worth mentioning the “Staircasing” scenario. Staircasing means you can potentially borrow more money against the value of the property to buy a larger percentage in your property. If you bought 80% of the property value, then you can potentially buy more of a percentage of the property in increments of 10% If you can afford to I always recommend buying the rest of the share of the property as soon as it is affordable. The reason for this is because the more your property price increases the more equity the Help to Buy guys will get and the bigger the mortgage you will have to get if you wish to staircase in the future.
Mar 22, 2018 | 0 comments