Re-Mortgaging

If you wish to remortgage your home or obtain a further advance, your mortgage provider will need to obtain consent from Plumlife before they can proceed.

In order for Plumlife to give this consent, we require the following information:

• Confirmation that the further advance does not exceed the value of the share you own and that our interest in the property will remain second to the Mortgage provider
• A copy of your new mortgage offer
• The valuation figure of the property - we will need a Chartered Surveyors valuation report
• The amount outstanding on the current mortgage - we will need a copy of your mortgage statement
• The amount of the further advance sought
• The purpose of the further advance - it is unlikely that we will agree to a further advance in order for you to consolidate other debts/loans

The reason we need this information is that we need to be satisfied that there is sufficient capital in the property in order for us to consent.

Plumlife's fees to cover the cost of the administration involved in the above is currently £50 + VAT.