Is your mortgage with a bank or council? If its with bank no other bank will want the mortgage due to the county council having a charge on the mortgage. If its with county council, are their rates not cheaper then banks??Like above reader. Its old post. But has anyone been successful getting a remortgage on an A/ah house
Hi, these changes were brought in under the 2009 Housing Act. I can't post links but if you look at section 88 (6) (b) (i) and (ii).
The staff in the council might not know it but these sections grant them the power to consent to the new mortgage having priority over their charging order. You should raise it with them quoting these sections. They don't have to consent though, if you're remortgaging to buy a new jeep and taking the kids to Disneyland they might say no. If you're remortgaging to get a better rate or extend your home for a growing family they might consider it under those sections quoted above.
Thanks mrsmoo. Will bring this to the council's attention.