The UK's independent property information site
|
|
||
|
The UK's independent property information site
|
||
|
|||||||||
| Mortgages Discussions on choosing a mortgages and mortgage options available. |
 |
|
|
LinkBack | Thread Tools |
05-11-2009, 12:20 PM
|
|||
|
|||
Question about mortage with unsecured loan
In 2004 I bought a property. I needed the full 100% at the time due to not having a deposit. The mortgage offered to me was part secured mortgage and part unsecured loan. The question I want to ask is, if I was to sell my property and just pay off the secured mortgage, would I be able to just take the unsecure loan with me?
Has anyone heard of or been in the posistion? Many thanks Jennifer 
|
|
05-11-2009, 12:30 PM
|
|||
|
|||
|
Hi Jennifer,
I'd look into your paperwork from the original deal. If the loan is unsecured then I would think you are free to sell the property and just have the loan on its own, but I would definitely check first. The best option is to contact your current lender and ask them. If you do contact them, come back on the forum and let us know what they said. Sorry that I don't have any real answers, but contacting your current lender is definitely the safest route.
__________________
Independent Mortgage Advisor, expert in residential, buy to let, holiday let, and refinance mortgages
|
|
| Thread Tools | |
|
|
|
|
| » Property Boards |
|
Buying Property
Selling Property
Estate Agents
Solicitors & Legal
Builders & Developments Property Development Home Improvements Buying Property Abroad |
Important Notice: HomeMove.co.uk does not provide professional advice on any aspect of buying, selling, developing or investing property. All posts are provided as lay opinions and not personal professional guidance. You should always seek a qualified professional for professional advice in relation to your personal circumstances. The HomeMove.co.uk forums are not monitored, and the site administrators cannot be held liable for the content of the forum. If you have any objection to any post on the forums, please either use the Report Post feature, or else Contact Us to ensure such content is properly dealt with. We are not responsible for third party links on the site.
