Can I transfer mortgage to another property?

Discussion in 'Mortgages and buying and selling homes' started by bonnie1, Apr 11, 2017.

  1. bonnie1

    bonnie1 Frequent Poster

    Posts:
    40
    I'm sure the answer to this is going to be a definite "no" but I'll ask it anyway. I have a mortgage on a property I bought 10 years ago in an area I hate. I am currently unemployed. Is there anyway of transferring the mortgage to a smaller property worth the same value but in a more suitable area? Or do I have to sell, become employed again and reapply for a new mortgage?
     
  2. Nordkapp

    Nordkapp Frequent Poster

    Posts:
    79
    Same issue here, but due to age I cannot get a long term loan and would like to sell 2 properties and transfer mortgages to new property. Would like a solution