Switch Under Affordable Housing scheme

[BillyPiper]

Hi there

Just wondering has anyone actually managed to switch mortgage provider (mine is with bank) to another mortgage provider under affordable housing scheme ?

with KBC offering good competitive rates it might just be worthwhile if possible ?

Thank you
Billy

 

[Tired Paul]

Not sure if its possible as the Council will still have the Primary charge - ie you default and the Council should be first in line for payment. Not sure if the likes of KBC would like to be second in line for any payments.
At least this was my understanding when we had an A/H but our mortgage was through the Council directly.
Please correct me on this if I'm wrong !!!!!!!
You could always approach current lender and see if they are willing to be competitive?????????
T.P