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    • Catbus
    • By Catbus 15th Sep 17, 10:20 AM
    • 2Posts
    • 1Thanks
    Catbus
    Completing a Deed of Postponement
    • #1
    • 15th Sep 17, 10:20 AM
    Completing a Deed of Postponement 15th Sep 17 at 10:20 AM
    Hi all! I'm trying to remortgage with my building society and need to do a deed of postponement. They have an online form, and I assumed initially that I just get that signed, but is it that simple? I've been looking for information online but to no avail and my building society were of little help, probably becuase I don't really know what I'm meant to be doing.

    Any advice is more than welcome.
Page 1
    • kingstreet
    • By kingstreet 15th Sep 17, 10:55 AM
    • 31,929 Posts
    • 17,060 Thanks
    kingstreet
    • #2
    • 15th Sep 17, 10:55 AM
    • #2
    • 15th Sep 17, 10:55 AM
    You don't complete a deed of postponement.

    It's for the chargeholder to do that to prevent their charge being promoted to a first when the current mortgage is repaid and the current first charge lifted.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • Catbus
    • By Catbus 19th Sep 17, 10:49 AM
    • 2 Posts
    • 1 Thanks
    Catbus
    • #3
    • 19th Sep 17, 10:49 AM
    • #3
    • 19th Sep 17, 10:49 AM
    You don't complete a deed of postponement.

    It's for the chargeholder to do that to prevent their charge being promoted to a first when the current mortgage is repaid and the current first charge lifted.
    Originally posted by kingstreet

    Thanks for that. Does that mean I'd have to contact the chargeholder first? Trying to get info from the building society is impossible.
    • kingstreet
    • By kingstreet 19th Sep 17, 11:10 AM
    • 31,929 Posts
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    kingstreet
    • #4
    • 19th Sep 17, 11:10 AM
    • #4
    • 19th Sep 17, 11:10 AM
    If a lender has a deed of postponement template, you would forward it to the second charge holder for completion.

    You would then provide it to your mortgage lender. Here's Nationwide's, as an example;-

    http://www.nationwide.co.uk/~/media/MainSite/documents/about/media-centre-and-specialist-areas/information-for-lawyers/deed-of-postponement-of-subsequent-charge.pdf
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • Thrugelmir
    • By Thrugelmir 19th Sep 17, 11:40 AM
    • 55,160 Posts
    • 48,361 Thanks
    Thrugelmir
    • #5
    • 19th Sep 17, 11:40 AM
    • #5
    • 19th Sep 17, 11:40 AM
    and need to do a deed of postponement.
    Originally posted by Catbus
    For what purpose?
    “ “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” Sir John Marks Templeton
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