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Remortgage and Second Charge

Last post Tue, Aug 12 2008, 4:00 PM by MartSmart. 2 replies.
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  •  Tue, Aug 12 2008, 4:00 PM

    Re: Remortgage and Second Charge

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    Thanks Ian.

    Regards,

    Martin
    • Post Points: 5

  •  Tue, Aug 12 2008, 3:30 PM

    Re: Remortgage and Second Charge

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    Abbey dont care as they have first charge so if you stick with them you should have no problems. All it is based on is affordability. If you try and move lenders your second charge lender will probably say no anyway.
    • Post Points: 20

  •  Tue, Aug 12 2008, 1:07 PM

    Remortgage and Second Charge

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    HI,

    I am near the end of a two year fixed interest deal with Abbey. I am keen to stay with Abbey and if possible take on a new fixed rate deal with them.

    It was necessary to take on another loan on the property as a second charge. I am quite happy to retain this loan as it stands.

    Combining the mortgage & loan is not an option as this would be at or very near a 100% LTV.

    Does anyone know how Abbey would treat the existing second charge? The amount owed just on the mortgage with Abbey would enable me to take advantage of their fixed rate deals. Would I have to get it transfered to the new deal or as I'm staying with the same mortgage provider does it just get carried over?

    Any advice.
    • Post Points: 20