Precise Mortgages has enhanced its Help to Buy offering through the addition of capital raising.
The specialist lender now offers homeowners the option to remortgage and capital raise to repay part of their original Help to Buy equity loan.
As part of Precise’s wider proposition, customers now have the option to purchase, choose a pound-for-pound remortgage, capital raise to repay part of the equity loan or fully repay their loan.
Precise has also produced what is claimed to be a comprehensive guide to remortgaging and capital raising for Help to Buy, which can be downloaded from its website.
“The Help to Buy scheme has been a huge success since its launch in 2013, helping hundreds of thousands of aspiring homeowners take their first step on to the property ladder,” said Alan Cleary, group managing director at Precise (pictured above).
“Our new simple and straightforward capital-raising option could help these customers by allowing them to remortgage and repay part of the equity loan, which will become payable after the initial five-year, interest-free period ends.”
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