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Two titles with one mortgage on both
Sarahzz2000
Posts: 1 Newbie
My home has two titles - one for the main house and one with the garage with a studio above it. My mortgage covers both titles, but I’m wondering if it’s possible to transfer the mortgage to just one of the titles. Any ideas would be appreciated.
0
Comments
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Probably not as that would mean the lender giving up some security/assets for no benefit to them. I expect you would need to take a mortgage against just one title.
Why do you want to do this?0 -
In theory you could remove any part of the property from the mortgage, but only if the lender agrees.0
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