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

    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

    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