You are here: Home - News -

Help to Buy remortgages and further advances set to be simplified – exclusive

  • 23/10/2018
  • 0
Help to Buy remortgages and further advances set to be simplified – exclusive
Homes England is working to simplify the remortgage and further advance process for borrowers wishing to move lender or take out more money from their property to repay their equity loan.


Mortgage Solutions understands the process is being revised by Homes England and is hoped to be introduced in the coming weeks.

Lloyds Banking Group head of housing development Douglas Cochrane, who has been working as part of an industry group with Homes England, said the intention was to simplify the policy so that borrowers and lenders understand what is expected of them.

“It will simplify the paperwork and practices that Homes England adopts,” he said.

“There’s a suite of different conditions which will make it easier for a lender and also for customers themselves.

“It demystifies the challenges for lenders,” he added.

Cochrane noted that one of the bigger stumbling blocks in the process at present involved accommodating the government’s second charge equity loan, but this was being tackled.

He added that the government was keen to encourage the market for people who did move but to also support those who wanted to borrow more and make that as straightforward as possible.



There are 0 Comment(s)

Comments are closed.

You may also be interested in

string(930) "SELECT p.ID AS id, p.post_title AS title, p.post_author AS uid, p.post_date AS date, p.post_excerpt AS post_excerpt, p.post_content AS post_content, SUM(v.pageviews) AS pageviews, IFNULL(c.comment_count, 0) AS comment_count FROM `multi_popularpostssummary` v LEFT JOIN `multi_posts` p ON v.postid = p.ID LEFT JOIN (SELECT comment_post_ID, COUNT(comment_post_ID) AS comment_count FROM `multi_comments` WHERE comment_date_gmt > DATE_SUB('2019-01-16 09:11:59', INTERVAL 24 HOUR) AND comment_approved = 1 GROUP BY comment_post_ID) c ON p.ID = c.comment_post_ID WHERE 1 = 1 AND p.post_type IN(%s) AND p.ID NOT IN(%d, %d, %d, %d, %d, %d, %d, %d, %d, %d, %d, %d, %d, %d, %d, %d, %d) AND p.post_date > DATE_SUB('2019-01-16 09:11:59', INTERVAL 24 HOUR) AND v.view_datetime > DATE_SUB('2019-01-16 09:11:59', INTERVAL 24 HOUR) AND p.post_password = '' AND p.post_status = 'publish' GROUP BY v.postid ORDER BY pageviews DESC LIMIT 5 OFFSET 0;"
  • RT @OTJournalist: Eastgate to join Shawbrook as MD of commercial mortgages operation. He's spent more than six years at OSB.…
  • RT @specialistsols: Buy to let remains an important sector, but has become increasingly specialist in recent years. What are the key comple…
  • RT @dontdelay: Very proud to receive this, and have something tangible to discuss with my children about giving blood. Thank you @GiveBlo

Read previous post:
Housing transactions drop in September – HMRC

The number of residential property transactions decreased in September on a monthly and yearly basis, standing at 98,400, data has...