We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Two titles with one mortgage on both
Options
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
-
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
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards