• Equity Transfer

    By Guest on 08th Sep 2016

    Hi, I have recently got divorced, my ex wife wants off the mortgage, she doesnt want any money, no money in the property, I've asked my mortgage company to do a equity transfer but are refusing as they tell me its classed as a new mortgage and are no longer taking on new business, is this correct?

  • 1 Answers

    By Guest on 05/10/2016

    It is certainly the case that they are not obliged to consent to the transfer. If their policy is that in these cases the remaining owner has to enter into a new mortgage then they are entitled to say that. You will need to remortgage in your sole name with another lender if you can

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