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Nram

Hi All

I am sure the answer is around here somewhere but have started a new thread so I can keep a watch on it.

We have a NRAM 'together mortgage' and have £120k left of the mortgage and £8k of the loan.

We want to pay off the loan so we can move the mortgage elsewhere? Is this possible or will they apply the payment £8k) to the mortgage element too?'

We can make overpayments

Thanks

Comments

  • c1403
    c1403 Posts: 37 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Is anyone able to move this post to the mortgages and endowment folder. Think I may get more response there. Thanks :-)
  • beanielou
    beanielou Posts: 95,883 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    If you PM one of the board guides they should be able to help.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
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