Can I re-mortgage if I am a shared owner?
We do allow re-mortgaging on a shared ownership property but there are limitations if applying for a further advance.
A further advance means you are borrowing more money than the previous mortgage. We can only agree to a further advance to be taken out for a number of purposes:
- Home Improvements
- Transfer of equity
For further information please call us on 0300 456 2099 and ask to speak to the Home Ownership Approvals Team or email us.