Change of Lender
If as an owner you wish to re-mortgage and/or move to another lender, you must let us know.
We will provide you with a letter confirming our fees which will be payable in advance and which will be non returnable.
Where the additional secured lending is in excess of £2000 the Association will need to consider if there is sufficient equity available for this accrued on the property and we will also need to know the reason for the borrowing.
Borrowing will only be considered for home improvements or debt consolidation.
A valuation will be required. If the valuation demonstrates that there is sufficient equity in the property the valuation will need to be sent to the Scottish Government for approval.