{"id":132230,"date":"2022-12-05T14:00:35","date_gmt":"2022-12-05T07:00:35","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-our-savings-go-towards-the-help-to-buy-loan-or-overpaying-a-new-mortgage\/"},"modified":"2022-12-05T14:18:57","modified_gmt":"2022-12-05T07:18:57","slug":"should-our-savings-go-towards-the-help-to-buy-loan-or-overpaying-a-new-mortgage","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-our-savings-go-towards-the-help-to-buy-loan-or-overpaying-a-new-mortgage\/","title":{"rendered":"Should our savings go towards the help-to-buy loan or overpaying a new mortgage?"},"content":{"rendered":"


\nOur five-year fixed-rate deal ends soon, we have saved \u00a3100,000 and need the best remortgage strategyQ My husband and I purchased a property in May 2018 for \u00a3600,000 using the London help-to-buy scheme. We took out the maximum help-to-buy loan of \u00a3240,000 and put in a \u00a330,000 deposit. At the time we had a very reasonable five-year fixed-rate mortgage with an interest rate of 2.48% but are aware that \u2013 as we are nearing the end of the five-year period \u2013 we are unlikely to get such a good deal when we remortgage.We are fortunate enough to have saved \u00a3100,000 between us and are wondering about the best strategy to keep our costs low when we remortgage, and how to split this amount between the mortgage and the help-to-buy loan repayment. Currently we are overpaying our mortgage by about \u00a3200 a month, although we can repay up to \u00a330,000 this year without penalty. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Should our savings go towards the help-to-buy loan or overpaying a new mortgage?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Our five-year fixed-rate deal ends soon, we have saved \u00a3100,000 and need the best remortgage...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-132230","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-yoK","jetpack-related-posts":[{"id":128411,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-we-buy-our-shared-ownership-property-outright-and-let-it-out\/","url_meta":{"origin":132230,"position":0},"title":"Can we buy our shared ownership property outright and let it out?","date":"August 1, 2022","format":false,"excerpt":"\r A reader asks if they can secure 100% ownership and get a buy-to-let mortgageQ I am currently living in a shared ownership property that I jointly own with my wife. 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The mortgage period is 15 years and I have a 15% deposit.As\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101436,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-remortgage-for-the-final-18-months-of-my-loan\/","url_meta":{"origin":132230,"position":2},"title":"Should I remortgage for the final 18 months of my loan?","date":"November 19, 2018","format":false,"excerpt":"\r I have an interest-only mortgage and I\u2019m a bit concerned in case the rate goes upQ My current fixed-rate mortgage deal ends about 18 months before my mortgage comes to an end in 2022. 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We\u2019ve been offered a two-year fixed-rate deal at 5.64% with a product\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34694,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-may-have-to-let-our-house-next-year-will-that-affect-our-remortgage\/","url_meta":{"origin":132230,"position":4},"title":"We may have to let our house next year \u2013 will that affect our remortgage?","date":"November 17, 2016","format":false,"excerpt":"\r My girlfriend and I want to move to the continent and wonder if we need to get a buy-to-let deal when remortgagingQ My girlfriend and I got our first mortgage of \u00a3205,000 on a house in February 2015. The mortgage has a 30-year term and an interest rate of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":185,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-we-remortgage-to-pay-off-the-equity-loan-on-our-home\/","url_meta":{"origin":132230,"position":5},"title":"Can we remortgage to pay off the equity loan on our home?","date":"November 5, 2015","format":false,"excerpt":"\r Property prices are rising so my fiance and I would like to pay off our Help to Buy loan but are unsure whether a remortgage is the best way to do thisQ My fiance and I have a joint mortgage on a new-build home in Scotland. 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