Isn't it great that briggadeen has first hand knowledge of your query. If you have anymore questions, keep asking, someone on here will be able to answer.[;)]
Most definately - and with a shared ownership property it is unlikely that you will ever be able to release any equity - so another bonus at the end in terms of no further payments.
It will depend upon the value of your property, and the availability of additional mortgage funding, but under shared ownership rulings remortgages are only generally allowed if the shared portion is also repaid - so I woudn't hold out too much hope of being able to raise any money to be frank.
That's true Melanie, we were looking to remortgage when we realised how much trouble we were in but we were to have written confirmation that we were allowed to do this.
thanks very much, that's helpful. How often do they try and make you sell your property? I dont think there is a lot of equity in the property at the moment. Thanks again
x