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Can I transfer this mortgage?
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fimonkey
Posts: 1,238 Forumite
Hi All,
I was about to buy a flat, exchange due next week. I'm a FTb and I had a mortgage agreed with BOS for 105K at 5.70% fixed for 5 years interest only, but allowing repayments of upto 10% of balance per year, arranged through a broker.
Now the sale has fallen through, I've found another property and need to borrow 117K, will I need to start the mortgage process all over again?
(Yes I know, i will contact my broker, but I wanted some info before I did).
Thanks
I was about to buy a flat, exchange due next week. I'm a FTb and I had a mortgage agreed with BOS for 105K at 5.70% fixed for 5 years interest only, but allowing repayments of upto 10% of balance per year, arranged through a broker.
Now the sale has fallen through, I've found another property and need to borrow 117K, will I need to start the mortgage process all over again?
(Yes I know, i will contact my broker, but I wanted some info before I did).
Thanks
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