Moving mortgage sold to Pepper to higher value property?

Discussion in 'Mortgage arrears & negative equity case studies' started by Daniel12, 5 Jan 2019.

  1. Daniel12

    Daniel12 New Member

    Posts:
    3
    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 ?
     
  2. Brendan Burgess

    Brendan Burgess Founder

    Posts:
    36,331
    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