Is the mortgage market turbulence getting you down? Have you got a mortgage-related question you need answering? Email in, and we will get one of our experts to reply. Nick Mendes, mortgage technical manager at John Charcol, has given his advice to a reader below. If you have a question for our experts, email us at [email protected].
Question: We bought our home using Help to Buy and are now looking at remortgaging. The property is worth around £375,000 and the mortgage balance is about £116,000. We also need to repay the Help to Buy equity loan, which is 20 per cent of the property value, so roughly £75,000 based on the current valuation.
On top of that, we have around £38,000 of unsecured debts across a loan and…