Precise now allows homeowners to capital raise to repay part of their equity loan.
Precise Mortgages has introduced capital raising to its Help to Buy offering.
Homeowners now have the option to purchase, choose a pound-for-pound remortgage, or capital raise to repay part of the equity loan or fully repay their loan.
Alan Cleary (pictured), group managing director for Precise Mortgages, said: “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 onto the property ladder.
“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.”
