pugsy Posted June 25, 2007 Report Share Posted June 25, 2007 Hi guys I've been asked to get deeds of postponement from my buy to let mortgage providers, by my residential mortgage provider. Even though the mortgages are not related and the btl's are secured on each individual property not my residential prop. Is this right? Never been asked for this before Thanks, any enlightenment would be appreciated. Link to comment Share on other sites More sharing options...
Selkirk Posted June 25, 2007 Report Share Posted June 25, 2007 Hi I would only expect this to be requested if you had a second charge against the property you were remortgaging against. A DoP allows the lender to move up the queue as it were. Link to comment Share on other sites More sharing options...
chander Posted June 26, 2007 Report Share Posted June 26, 2007 A Deed of Postponement is an agreement wherby a second mortgagee (the lender) postpones the priority of its mortgage in favour of a further charge taken by the first mortgagee. Hi I would only expect this to be requested if you had a second charge against the property you were remortgaging against. A DoP allows the lender to move up the queue as it were. Link to comment Share on other sites More sharing options...
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