---
title: Can a mortgaged property be refinanced with LAP?
description: Yes, an existing mortgaged property can be refinanced for a Loan Against Property if the bank permits it. The new lender usually settles the old loan and provides a fresh LAP, possibly on improved terms.
url: "https://yazodo.com/help/loan-against-property/can-a-mortgaged-property-be-refinanced-with-lap/"
updated: "2025-12-07"
category: Loan Against Property
tags:
  - Eligibility
  - LAP
  - "Loan Amount & Valuation"
  - "Property & Collateral Requirements"
---

# Can a mortgaged property be refinanced with LAP?

Yes, an existing mortgaged property can be refinanced for a Loan Against Property if the bank permits it. The new lender usually settles the old loan and provides a fresh LAP, possibly on improved terms.