Hi, we have a 30% share of the property, which is mortgaged, and the remaining 70% we pay rent on, so are you saying we would have to re-mortgage for 100% of the property and buy the housing association out?? It seems a bit extreme, as we cannot afford to do that, I only need to raise £14,000 out of...

I think that I am correct in saying that the only way you can remortgage is if you buy out the shared ownership element as well - Tony is this correct? If so, you are likely to be taking on a much higher mortgage commitment, and should make sure that this is completely affordable, with some leeway ...

[quote] Originally posted by MelanieGiles I think that I am correct in saying that the only way you can remortgage is if you buy out the shared ownership element as well - Tony is this correct? If so, you are likely to be taking on a much higher mortgage commitment, and should make sure that this is...