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Property prices are rising so my fiance and I would like to pay off our...<\/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-185","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\/p75ss1-2Z","jetpack-related-posts":[{"id":131565,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-could-equity-release-help-with-rising-costs\/","url_meta":{"origin":185,"position":0},"title":"UK mortgages: could equity release help with rising costs?","date":"November 12, 2022","format":false,"excerpt":"\r Record numbers of older people are freeing up money from their homes \u2013 but doing so does have its drawbacksAn increasing number of older people are considering dipping into the value stored in their homes to help with the UK\u2019s cost of living crisis.Some want cash to upgrade their\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":185,"position":1},"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. It\u2019s an interest-only mortgage so the last \u00a340,000 should be paid off by my endowment\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132230,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-our-savings-go-towards-the-help-to-buy-loan-or-overpaying-a-new-mortgage\/","url_meta":{"origin":185,"position":2},"title":"Should our savings go towards the help-to-buy loan or overpaying a new mortgage?","date":"December 5, 2022","format":false,"excerpt":"\r Our 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\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":185,"position":3},"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":51200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/many-options-for-remortgaging-a-property-in-uae\/","url_meta":{"origin":185,"position":4},"title":"Many options for remortgaging a property in UAE","date":"April 7, 2017","format":false,"excerpt":"\r I bought an apartment in Dubai Marina a few years ago but looking at my paperwork it seems I am paying a higher interest rate on my mortgage than those I see advertised. 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At the same time, my wife\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/185"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=185"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/185\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nProperty 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. The house cost \u00a3187,000. We took out a mortgage of \u00a3139,600, put down \u00a310,000 as a cash deposit and got a 20% equity loan of \u00a337,400 from the Scottish Help To Buy scheme. There is currently \u00a3138,000 outstanding on the mortgage.As house prices in our area are steadily rising it seems to be in our best interest to pay off the equity loan as soon as possible. Would it be possible to take out another mortgage and use the \u00a310,000 that the house has risen in value to do that? Continue reading…
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\nSource : theguardian.com
\nRead more…Can we remortgage to pay off the equity loan on our home?<\/a><\/p>\n