A new calculator has been launched by Skipton Intermediaries to help brokers as they support their Help to Buy clients. The lender has made the refinancing calculator available to brokers on their website.
As the Help to Buy scheme is now five years old, it has highlighted that many customers will now begin to start paying interest on the government equity part of the mortgage loan.
The calculator has been designed to help brokers give clients a list of options available when they reach the end of their current Help to Buy mortgage, to then decide whether to repay or keep their equity loan.