Grimsby 01472 240251 Scunthorpe 01724 847888 Louth 01507 600610 Barton 01652 632 215
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Transfer of Equity

‘Transfer of Equity’ is a term used when a borrower is either released from a mortgage, or added to the mortgage.

There can be many reasons why a Transfer of Equity could be required:
•    Marriage
•    Divorce
•    Tax reasons
•    Adjustment of shares

The lender will have to carefully review the transfer application to ensure there is the ability to repay the contractual repayments. The lender may also be interested in the credit check status of you and any other borrower, and will check for any signs that may indicate potential problems relating to future repayment, as well as the track record of previous payments.

We will make the process as straightforward as possible and will help to ensure that it is completed in a professional and timely manner.

If you require a Transfer of Equity, contact our Property Departments in Grimsby on 01472 240 251, Scunthorpe on 01724 847 888, Barton on 01652 632 215 or Louth on 01507 600 610.

 

FREE MORTGAGE ADVICE.

To ensure excellence in mortgage advice we have developed a close working relationship with independent mortgage advisors Personal Touch Mortgages. Let them save you time and money, as they search to find you the right deal.  Call Alan Young on 07855 151462 or email alan@personaltouch-mortgages.co.uk.