How the transfer of equity works

2. Speak to your Mortgage Lender

We will need to speak to your mortgage lender in order to obtain their consent for the transfer. We will also ask them for a redemption figure for your current mortgage. Many lenders are happy for the transfer to take place with an insurance policy in lieu of a full set of property searches, however some do require new searches to be undertaken. We will speak to them to clarify their position at this stage, and advise you accordingly.