Moving mortgage sold to Pepper to higher value property?

Daniel12

New Member
Messages
8
Our PTSB mortgage was sold on, although restructured with bank on payments at the time. Long story but would Pepper consider moving the loan to a higher value property that we own 60% of & low us to sell apt t o raise funds to buy out family member ?
 

Brendan Burgess

Founder
Messages
37,462
No. No lender would allow you to move a loan to a property which you own 60% of.

You don't move loans as such. You repay the old loan and take out a new one. I doubt if Pepper is in the business of giving out new loans but you could ask.

Brendan
 
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