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Remortage. NRAM

  • jaberwocky
  • jaberwocky's Avatar Posted by
  • Junior Member
  • Junior Member
22 Aug 12 #351178 by jaberwocky
Topic started by jaberwocky
Hi all,

Have a joint mortgage with Northern Rock Asset management. After a long marriage (30+ years) and over two years of uncertainty it looks like we will be separating/divorcing.

Simple question. If one or other of us buys the other out and takes over the mortgage is this classed as a remortage, a continuation of existing mortgage or as a new application. If its the latter then I know that NRAM are no longer in the market for new mortgages.

Reluctant to approach lender at moment hence the query.

Thanks in advance for an answers.

  • cookie2
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  • Platinum Member
  • Platinum Member
22 Aug 12 #351180 by cookie2
Reply from cookie2
Normally it considered a remortgage but you would have to ask NRAM about that.

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