I am trying to change my mortgage from my 1st lender but there seems to be a query on how long I have my 1st mortgage because I bought from the council. I am not trying to sell judt move to a better lender
2006-10-10 05:19:10 · 4 answers · asked by noodles 1 in Business & Finance ➔ Renting & Real Estate
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2006-10-10 05:28:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
As long as you are not selling - like you said. There is no reason not to remortgage during the dicount period. Make sure that you can change mortgages i.e. make sure your current lender does not have high redemption fees. Have you asked your current lender for a different rate/more funds. Some times it is more cost effective to stay with present lender. You need independent Financial Advice www.thepremiergroup.co.uk
2006-10-13 02:30:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Approvals are no longer that sensible. they only advise somebody (in line with risk a loan broker provider attempting to get a value) concept they could get a loan for the applicant (in the event that they have been incorrect - too undesirable, they only made a mistake). do no longer assume the worker became mendacity they could have certainly been authorized yet (back) whoever authorized them became incorrect. placed yet differently an approval exhibits that somebody (a lender or loan broker provider) concept they could come across a loan for the applicant yet whilst they (the lender or broker provider) became incorrect there is fairly no longer something you're able to do approximately it. What you may desire to do interior the destiny is get the applicants financial records for your self whilst they put in a settlement and settle on for your self in the event that they are able to arise with the money for the loan. Then flow verify the applicants records and credit (call references, if there remains doubt on your concepts in the event that they are able to get a loan then make confident the utility helps you to pull their credit and flow pull it) your self. the different option is that if the financial records the applicant submits seems ok and you do no longer think of they are deceiving you, then provide them a while 30-40 5 days to get the loan. in the event that they are no longer getting it merely cancel the settlement and flow on, yet stay in touch with the applicant and their lender the full time to video exhibit for issues. word, in case you have a solid real ingredients agent they could desire to be doinng a number of this themselves - thats between the flaws they are paid for.
2016-12-13 05:43:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Don't see any real reason why you couldn't re-mortgage - unless you are taking a lot of extra money. The Council would have to be informed as they actually have a Charge over the property for the first three years. They might want to know why you are re-mortgaging and what you are going to do with any extra money - see a solicitor for advice.
2006-10-10 05:21:56 · answer #4 · answered by Ally 5 · 0⤊ 0⤋