Secured Loans

[Deleted User]

I currently have a secured loan on my house which i got 2 years ago for a car loan, what happens if i now want to sell my house?
Do i need the lenders approval to sell or do i have to pay off the loan before i can sell the house?

Any advice would be greatly received.

Silvafox

Ring them up and ask them, that will be the simplest way to find out. Some will allow you to move the loan security to another property and some will ask you to settle the loan on completion of your sale. They have the power to stop your sale so you need to find out either way.

petermb_2

Usually, your solicitor will settle any outstanding secured loans from the proceeds of your remortgage or sale of the property.

sam_david_2

think you can go for a bridging loan or something like that (if am not wrong).. if you are residing in UK hope this website could be helpful http://www.securedloanadviceuk.co.uk/bridging-loans.html

CHR15

sam_david = spammer :spam::spam: