TRANSFER MORTGAGE HOW TO DO IT ??
Jan 24th 2009, 11:41 am
#1
Just Joined
Thread Starter
Joined: Jan 2009
Posts: 7
TRANSFER MORTGAGE HOW TO DO IT ??
Hi all,
what do the banks need to transfer a mortgage
we have had an enquiry about our villa for sale, and wonderded what we need to do.
regards
what do the banks need to transfer a mortgage
we have had an enquiry about our villa for sale, and wonderded what we need to do.
regards
Jan 24th 2009, 11:56 am
#2
BE Forum Addict
Joined: Jul 2006
Location: up the mountain near Guadalest
Posts: 1,389
Re: TRANSFER MORTGAGE HOW TO DO IT ??
Talk to your Solicitor who will liaise with Bank. The Bank will attend at the Notary at the signing over to collect their cheque!
Jan 24th 2009, 12:06 pm
#3
Just Joined
Thread Starter
Joined: Jan 2009
Posts: 7
Re: TRANSFER MORTGAGE HOW TO DO IT ??
hi thanks for that.
What info would a buyer need to bring for notary, because I understand that the bank can transfer my mortgage over to them. Would it just be proof of earnings etc??
What info would a buyer need to bring for notary, because I understand that the bank can transfer my mortgage over to them. Would it just be proof of earnings etc??
Jan 24th 2009, 2:48 pm
#4
Forum Regular
Joined: Nov 2007
Location: Guadacorte, Cadiz
Posts: 154
Re: TRANSFER MORTGAGE HOW TO DO IT ??
I tried to do this (sibrogate I believe its called).
The buyer needs to contact the bank who you hold the mortgage with and see if they will do it.
Generally, it's the same as them applying from scratch, except the Bank already holds the details so it can be quicker.
Not much benefit to it I found.
The buyer needs to contact the bank who you hold the mortgage with and see if they will do it.
Generally, it's the same as them applying from scratch, except the Bank already holds the details so it can be quicker.
Not much benefit to it I found.
