Category:
Making changes
You can add or remove someone from your mortgage without increasing the amount you’ve borrowed. This is called a change of borrower or transfer of equity. Before we can do this, we’ll need to make sure that you can still afford the payments after we make the change. To do this we’ll carry out a credit check and an affordability assessment on all people remaining or being added to the mortgage.
Please call us on 0330 159 7152 to make an appointment with one of our qualified mortgage advisors who will guide you through the process. Phone lines are open Monday to Friday 8:30am – 6:00pm.
Important Information
- There needs to be an original borrower remaining on the mortgage. If you wish to remove all original borrowers, you’ll need to apply for a new mortgage with another lender.
- We’re unable to change the people named on unsecured loans. If you want to add or remove someone on a mortgage which has a linked unsecured loan, you’ll need to pay off the unsecured loan before you can do this.
- It will be helpful to have information like payslips, bank statements and how much you spend on your day-to-day expenses ready for your appointment. Work out how much you can afford using our helpful Income & Expenditure Form.
- As part of your application, you’ll need to appoint a solicitor and pay any associated costs. Any costs you pay will be non-refundable if the application doesn’t go ahead.
- There’s a non-refundable application administration fee of £180.00 to carry out a change of borrower’s application. This will be payable once you’ve spoken to one of our advisors and told us you want to go ahead with the application.