Topic 27 - Transferring mortgages Flashcards
1
Q
remortgage issues
A
Purpose of loan
Applicant status and circumstances
Value of security
Other underwriting factors
2
Q
Portability
A
The facility to transfer an existing mortgage to a nw property during the term of a special deal without penalty
3
Q
Transfer of equity
A
The purpose of the request status value of the property new occupier track record guarantee life assured policies the transfer process and costs Stamp duty
4
Q
MCOB 7.6
A
