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change mortgage repayments during a fixed tern agreement

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  • change mortgage repayments during a fixed tern agreement

    Hello
    I am looking for a house with my partner, we cannot currently
    borrow enough to buy a home. So my mother has offered to join me
    on the mortgage.

    I have a few questions about the Nationwide mortgage DURING THE
    4 YEAR AGREEMENT:

    1) When my partner is earning enough, can she join the mortgage
    and my mum leave?

    2) If we started the mortgage on 21 years, when my partner joins,
    for example 6 months after getting it, can the mortgage be extended
    to 30 years mid term?

  • #2
    Re: change mortgage repayments during a fixed tern agreement

    Hi Mark,

    In response to both your questions, the answer is yes. However, this would also depend on a variety of other factors (as you may well know, mortgages can be quite confusing!).

    Have you firmly set on purchasing a mortgage with Nationwide?

    Thanks,

    Joy Green


    Ascot Mortgages
    www.ascotmortgages.co.uk

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