We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Re-mortgage with a secured loan
Thesnapper
Posts: 5 Forumite
in Loans
Hi, i am currently re-mortgaging and have been approved by the mortgage lender . I have a secured loan with another company which i DO NOT want to repay at this time.
I understand that they now have to go as 2nd on my mortgage and i was wondering if there was any chance they might refuse to ?
Any comments welcome, thanks.
I understand that they now have to go as 2nd on my mortgage and i was wondering if there was any chance they might refuse to ?
Any comments welcome, thanks.
0
Comments
-
You will require a deed of postponement (DOP).
The solicitor doing the remortgage conveyancing will apply for this - you may need to pay a fee
Yes there is a chance they may refuse.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards