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transferring buy to let mortgage
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skipper31
Posts: 1 Newbie
I have a house on the market which has a buy to let mortgage on it, to about 1/4 the equity in the property. Is it possible to for a buyer to take over the mortgage? i.e. pay the market value less the mortgage and take over the payments?
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Comments
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No. A buyer would need to take their own mortgage. The current lender would not release their charge until the mortgage was settledI 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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