Good afternoon!
I am after some advice from you lovely people! (Please?!)
I want to do a transfer of equity from my ex to my new partner (me staying on mortgage) but the existing mortgage is a self cert with Birmingham Midshire (who ive had no problems with in 7/8 yrs being with them). They have a process for transfer of equity but as they no longer deal with the public i have to use a broker to communicate which is frustrating. My question is does anybody know whether when doing a transfer of equity does everything on the mortgage ie. rate, self cert status, term etc stay as before and just the name changes? Also if it does stay as self cert would we actually need to prove income? I know someone will say i need to find out directly but i was interested to know if anyone knew already. : )
Many thanks in advance
I am after some advice from you lovely people! (Please?!)
I want to do a transfer of equity from my ex to my new partner (me staying on mortgage) but the existing mortgage is a self cert with Birmingham Midshire (who ive had no problems with in 7/8 yrs being with them). They have a process for transfer of equity but as they no longer deal with the public i have to use a broker to communicate which is frustrating. My question is does anybody know whether when doing a transfer of equity does everything on the mortgage ie. rate, self cert status, term etc stay as before and just the name changes? Also if it does stay as self cert would we actually need to prove income? I know someone will say i need to find out directly but i was interested to know if anyone knew already. : )
Many thanks in advance