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Seperating land from property

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lis_kolkman Joined: 06 Mar 2008 Posts: 1 1.08 Dollars($)	Posted: Thu Mar 06, 2008 2:44 am    Post subject: Seperating land from property We have outline building permission and have approached our mortgage company to seperate the land from our house. This does not effect the value of our property and there is more than enough equity in our property for it not to efftect the Abbey's security on the mortgate. Other than remortgaging can you suggest what we can do?
adonis Joined: 22 Oct 2005 Posts: 1436 Location: ALASKA 135.43 Dollars($)	Posted: Thu Mar 06, 2008 3:01 am    Post subject: Welcome Lis, I can't find out any other way except that you remortgage the loan by taking out a new loan on the house only. Let's see what others have to say. _________________ Procrastination is the enemy of your financial sucess
Ryan Guest 0.10 Dollars($)	Posted: Thu Mar 06, 2008 3:07 am    Post subject: Lis, is Abbey the mortgage company you deal with? what are they suggesting on this issue?
larry Joined: 27 Jun 2007 Posts: 3328 473.40 Dollars($)	Posted: Thu Mar 06, 2008 2:49 pm    Post subject: Hi Lis, Welcome to the forum. I agree with Adonis that remortgage is best way to do it. Why don't you want to go for the remortgage? Best of luck, Larry

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