Posted on: 06th Mar, 2008 01:44 am
We have outline building permission and have approached our mortgage company to seperate the land from our house. This does not effect the value of our property and there is more than enough equity in our property for it not to efftect the Abbey's security on the mortgate. Other than remortgaging can you suggest what we can do?
Welcome Lis,
I can't find out any other way except that you remortgage the loan by taking out a new loan on the house only. Let's see what others have to say.
I can't find out any other way except that you remortgage the loan by taking out a new loan on the house only. Let's see what others have to say.
Lis, is Abbey the mortgage company you deal with? what are they suggesting on this issue?
Hi Lis,
Welcome to the forum.
I agree with Adonis that remortgage is best way to do it. Why don't you want to go for the remortgage?
Best of luck,
Larry
Welcome to the forum.
I agree with Adonis that remortgage is best way to do it. Why don't you want to go for the remortgage?
Best of luck,
Larry