Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • 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
    • 32,204 Posts
    • 17,247 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
    • 32,204 Posts
    • 17,247 Thanks
    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
    • 55,802 Posts
    • 49,167 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?
    "Wide diversification is only required when investors do not understand what they are doing." - Warren Buffett
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

76Posts Today

2,851Users online

Martin's Twitter
  • I believe I can boldly go where no twitter poll has gone before https://t.co/HA0jC92gAK

  • OK I'm wilting to public pressure and there will be a star trek captain's poll at some point next week

  • I can get that. My order is 1. Picard 2. Janeway 3. Kirk. Too early to say where Lorca will end up (or would you? https://t.co/kawtCOe9RA

  • Follow Martin