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Remortgaging mortgage free property
imers
Posts: 13 Forumite
Has anyone had any experience with remortgaging a mortgage free house? Does a lender need to know where the money is going from a remortgage i.e buying another home? How flexible are they with changing reason for remortgage?
Any advice would be very helpful!
Any advice would be very helpful!
0
Comments
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Shoudl be straightforward, assuming the LTV is within limits, income is enough to support the mortgage, and you have a good credit history.
Some will offer free legal fees and valuations.
Yes the lender will need to know the purpose - as long as it is legal, you will be fine.I am a Mortgage AdviserYou 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.0
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