Hi,
Have you figured out how much more monthly repayments would be with 99%?
Thanks Brooklyn, yes I got talking to them yesterday and they said they will be sending out letters to everyone soon encouraging them to buy the 99%. They said the tax deduction at source on the 50% will start from scratch- i.e. 7 yrs tax releif on 50%. I had been getting a small rent supplement because my income was <28,000 last year so I will lose that- but I dont qualify for it after June'10 anyway so I might as well try buying out the 99%
I can't afford to remortgage and pay any
clawback.
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