Mortgage transfer - selling the house
Hello All,
I am interested to know the rule position - Incase if I buy a house with a mortgage from the bank and sell it after some years (say 15 years):
1. Can I transfer the remaining mortgage to the Bank with the same interest conditions with the new buyer ?
2. Can I transfer the remaining mortgage to the Bank with the "then" interest conditions with the new buyer ?
or I need to collect the money from the new buyer and pay the remaining mortgage.
cheers
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