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JBSP REMORTGAGING

Emlou71
Emlou71 Posts: 10 Forumite
Name Dropper First Post
in Mortgages & endowments
Wondering if with a JBSP mortgage, is it straightforward to remortgage when affordable, and remove the non occupying borrower? Has any one got any experience of doing this that they could share? 
Thanks in advance!

Comments

  • ACG
    ACG Posts: 24,881 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    I dont actually know the answer, but I think it should be fine. The other person is only on the mortgage, so no transfer of equity is needed. 
    I am a Mortgage Adviser
    You 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.
  • K_S
    K_S Posts: 6,907 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    @emlou71 What ACG said, it's fairly straightforward as long as you meet affordability on the sole income.

    I am a Mortgage Adviser - You 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. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • Emlou71
    Emlou71 Posts: 10 Forumite
    Name Dropper First Post
    ACG said:
    I dont actually know the answer, but I think it should be fine. The other person is only on the mortgage, so no transfer of equity is needed. 
    Thank you for replying. I’m assuming that also but wasn’t sure if it would be more complicated than a usual remortgage. 
  • Emlou71
    Emlou71 Posts: 10 Forumite
    Name Dropper First Post
    K_S said:
    @emlou71 What ACG said, it's fairly straightforward as long as you meet affordability on the sole income.
    Thank you for replying. That’s good to hear! 😀
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