Donegalgal
Registered User
- Messages
- 4
Hi everyone. Long time reader of aam but first time posting. Our position is as follows. Husband has a rental property which we are keen on selling. House is in his name as he had it before we met. House is valued at approx 220k with 138k outstanding on tracker ECB +.5%. I've house in my name with outstanding 310k.we would use profit on sale of rental house to reduce our mortgage to 240k-250k. Is it possible to transfer his tracker mortgage to my house with 2 of us named on house. I understand that it's only remaining balance and new borrowings are at new rates but it would still be huge savings. Any help greatly appreciated