How long do i hold to live contained by my property within demand to remortgage it?
I am in the process of buying a house.
It is a cash public sale as it is being bought from a settlement from my ex.
For speed he is paying for the property (it will all be solely contained by my name,he has in recent times sent a cheque to my solicitors) so i can move in but it needs a gala amount of refurbishment so i was hoping to get surrounded by then remortgage straight away to get the work in full swing but someone has just told me i inevitability to be registered at the new property for a absolute minimum of 6 months since i can remortgage.. Does anyone know if this Information is correct? if so is there any other way round it or loans i could take without paying crazy interest rates?
thanks
Answers:
no thats incorrect as soon as you officialy own the property you are entiteld to cart out a mortgage against it the property is simply the mortgage lenders garuntee against the loan and therfor as long as your on the deads then you can borrow against the property
visit your local mortgage tutor they will find you a great deal and explain all the ins and outs to you they should also contract with any insurance needs you enjoy
Just visit a few building societies and get the best rate. If you do not own any outstanding mortgage they should give you a morgage against the property.
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It is a cash public sale as it is being bought from a settlement from my ex.
For speed he is paying for the property (it will all be solely contained by my name,he has in recent times sent a cheque to my solicitors) so i can move in but it needs a gala amount of refurbishment so i was hoping to get surrounded by then remortgage straight away to get the work in full swing but someone has just told me i inevitability to be registered at the new property for a absolute minimum of 6 months since i can remortgage.. Does anyone know if this Information is correct? if so is there any other way round it or loans i could take without paying crazy interest rates?
thanks
Answers:
no thats incorrect as soon as you officialy own the property you are entiteld to cart out a mortgage against it the property is simply the mortgage lenders garuntee against the loan and therfor as long as your on the deads then you can borrow against the property
visit your local mortgage tutor they will find you a great deal and explain all the ins and outs to you they should also contract with any insurance needs you enjoy
Just visit a few building societies and get the best rate. If you do not own any outstanding mortgage they should give you a morgage against the property.
Related Questions: