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The best remortgage deal could save you £1000’s – with access to the whole mortgage market.

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The best remortgage rate as of March 2024 is 4.3% for a 5 year fixed interest rate

Help to Buy Remortgage – the best deal from the whole mortgage market!

Welcome to Willow Brook Mortgages, your trusted partner in helping you navigate the complexities of Help to Buy remortgages. Our dedicated team is committed to assisting you in finding the best remortgage deal to make the process seamless and stress-free. With a wealth of experience, our specialist advisors will be able to discuss all of your options when remortgaging. With over 100 lenders and 1000’s of mortgage products available to us, we will be able to find you the best mortgage deal to save money on your mortgage.

What is a Help to Buy Remortgage?

The Help to Buy scheme was a scheme put in place by the government to help first time buyers and home movers in purchasing their dream home. The Help to buy equity loan scheme meant that you took a loan from the government for up to 20% of the property value. The equity loan was interest free for the first 5 years but then interest starts to be payable and increases each year going forwards from the 5 years. If you initially purchased your home through the Help to Buy equity loan scheme, it is important to speak to a specialist mortgage broker when you remortgage to check all of your options.

Compare the best help to be remortgage deals from the whole mortgage market.

Why Remortgage with us?

Expert Guidance – Our experienced advisors specialise in Help to Buy remortgages. We have a wealth of knowledge on lenders criteria and products around the Help to Buy scheme and can provide you with expert guidance tailored to your unique situation.

Customised Solutions – We recognise that every homeowner’s situation is different. Your advisor will discuss all of your details with you and your long term plans. They will work closely with you to understand your financial goals and then put together a personalised remortgage solution that aligns with your needs.

Access to Exclusive Deals – As a leading provider in the market, we have access to exclusive remortgage deals that may not be available elsewhere. We have access to over 100 lenders and exclusive deals that aren’t available directly with some banks and building societies. Our goal is to secure the best terms for your Help to Buy remortgage, saving you money in the long run.

Our Process

Consultation

Schedule a consultation with one of our advisors to discuss your current mortgage, financial goals, and any concerns you may have. You can enter your information in to our online form or over the phone with an advisor

Analysis

Our team will conduct a thorough analysis of your situation, considering market conditions and the specifics of the Help to Buy scheme. Your advisor will research the market to find you the best help to buy remortgage deal.

Recommendation

Your advisor will call you to discuss your tailored remortgage options, explaining the benefits and potential savings. They will ensure that you understand the details of your new mortgage and how we have got to the recommendation for you as well. They’re on hand to answer any questions you might have.

Application

Our team will then key your application across to the lender. You will be assigned a case progression manager who will be in contact with you as another contact here at Willow Brook Mortgages. They will communicate with the lender to get your mortgage offer through as soon as possible. You will have their direct phone number and email address for any updates and queries through this stage.

Help to Buy remortgage FAQs

Yes, you can remortgage on a Help to Buy scheme, but the process may involve paying off the equity loan or partially repaying it. Some lenders have specific products for Help to Buy remortgages so we will be able to check the whole market for the best deal as well as your current lender.

After 5 years, you start paying interest on the equity loan. The first 5 years are interest-free, except for a small £1 per month management fee. The interest rate starts in the 6th year and increases annually.

Yes, you can move your Help to Buy mortgage when remortgaging or selling your home. However, you need approval from the Help to Buy agent, and conditions apply if you want to transfer the mortgage loan to a new property.

Yes, you typically need a solicitor for a Help to Buy remortgage, especially to deal with the legal aspects of repaying or adjusting the equity loan part of your mortgage.

You can clear a Help to Buy loan either by selling your home (where the loan is repaid from the proceeds), remortgaging to raise funds to pay off the loan, or making lump sum payments directly to the loan provider, subject to minimum amounts.

You cannot pay off the equity loan in monthly installments directly. However, after the initial 5 years, you will pay a monthly interest fee. The loan itself can be repaid in lump sums of half or the whole equity loan.

You don’t have to repay the loan back after 5 years, but you will start accruing interest on the loan amount, which you will pay monthly.

The interest rate starts at 1.75% in the 6th year and increases each year by the Consumer Price Index (CPI) plus 2%.

When you sell your home, you must repay the equity loan based on the current market value of the property. This means if the property’s value has increased, so will the amount you owe on the loan.

Contact Us

Take the first step towards finding the best Help to Buy remortgage deal. Call us today or book an appointment to speak to one of our experienced advisors.

BOOK AN APPOINTMENT

0330 555 9414

Trust Willow Brook Mortgages to guide you through the Help to Buy remortgage process, ensuring that you make informed decisions for your financial future.

last updated 12/03/2024