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Buying in the mortgage...
swiftysw
Posts: 44 Forumite
Wales UK
My partner has a property with an outstanding mortgage of 65k. The value of the property is 110k.
I would like to part own the property with her which will reduce the morgage to 27k !!
Because of her 'shady finantial background - ccj etc' I would like the mortgage in my name only and for my partner to keep hold of her 50% of the house..
I would then get a morgage for the 27k. and repay in MYSELF...
Is this possible. - Only reason is if we use my partner on the morgage app I will more than likely not have a mortgage offer !!
My partner has a property with an outstanding mortgage of 65k. The value of the property is 110k.
I would like to part own the property with her which will reduce the morgage to 27k !!
Because of her 'shady finantial background - ccj etc' I would like the mortgage in my name only and for my partner to keep hold of her 50% of the house..
I would then get a morgage for the 27k. and repay in MYSELF...
Is this possible. - Only reason is if we use my partner on the morgage app I will more than likely not have a mortgage offer !!
0
Comments
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Its unlikely the mortgage company will agree to your partner being named on the deeds if they are not also involved with the mortgage. A possible solution would be for your partner to get a second charge put on the house but I think you need to seek legal advice0
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what is a second charge?0
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