Hello hope someone can help. I'm one of those that used HTB in 2020 so my 5 year mortgage deal ends this year.
I haven't managed to pay any of the HTB back (single), and therefore in order to get a new mortgage I would have to add in that money (20% of new valuation, not what I borrowed) onto a new mortgage deal (originally was £27k). House has gone up a little in value, maybe £20k.
Alternatively I would rather move house but no idea if I can part exchange to another new build/have to sell this first then rent before buying another?
Anyone else have any experience with HTB and next steps? Thanks!