Transferable Mortgages

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  • #46549

    NickTurner
    Member

    I am prompted this morning by a post about tranfering deposits on rental properties.

    What about transfering the existing mortgage on a sale property rather than the traditional route. Not sutable for all I know but if buyer able to cover repayments why not?

    Yes people will put up barriers but, again, why not? Would speed up some sales. Traditional mortgages would still be available.

    #46550

    PeeBee
    Member

    Mr Turner

    I may be reading this wrong – but isn’t it simply a ‘portable mortgage’ you are describing?

    They’ve been available for years!

    • This reply was modified 2 weeks, 4 days ago by  PeeBee.
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