deed of postponement

roseplatt

i have a mortage for 71,000 and we are having a advance for7,000 but we have a secured loan with ge money for 7,000 so the halifax have to apply for a deed of postponement will their be any problems getting it our house is worth 120,000 can any one help or been in a similar situation

_Andy_

I've no idea - you need to be speaking to GE Money as we have no idea of your situation. Only GE Money will be able to give you a definitive answer.

happybroker

It's unlikely they will refuse if you are up to date but they probably charge you to complete the form.

Speak to the Halifax, they might consider lumping the 2 together if it's in your interest to do so (I obviously don't have the details).

Good Luck

roseplatt

all our payments for mortage are up to date and for the loan how long does a deed of postponement take the halifax have hear from them and they need further information will we encounter any problems we still have 34,000 in equality

_Andy_

It will vary - could be 1-3 weeks. They normally look at things like income/outgoings as well as how you've conducted your loan.

roseplatt

will i need a credit check with ge money to give the deed of postponement

_Andy_

roseplatt wrote: »

will i need a credit check with ge money to give the deed of postponement

Unlikely - they will have your payment record with them.

You really need to ring GE Money and find out if they're likely to approve the DOP.

roseplatt

they requested information from the halifax what kind of information will that be

_Andy_

roseplatt wrote: »

they requested information from the halifax what kind of information will that be

As I stated before, the easiest thing here for you to get definitive information is just to pick up the phone to GE.
Anyway they will probably want to know - how much you're borrowing, what the new payments are, etc.

roseplatt

will i need to pass any thing on

roseplatt

i phoned them they say they are dealing with the halifax is that a good thing