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Not sure if this is the correct forum to post this info.
Recently I bought a property and a few days later sold a property. This was purely coincidental.
As it turned out both contracts were dated the same date. When I applied for finance the bank manager said I could just transfer the loan from one house to the other.
He told me this is cheaper than taking out a loan for the new property.
I hadnt known this before that you could do this
If you have a purchase contract that is within about 30 days, most banks will transfer the security as you describe.
Cheers
Viewing 2 posts - 1 through 2 (of 2 total)
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