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Joint Mortgage Advice

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rich1000
rich1000 Posts: 257 Forumite
in House buying, renting & selling
Hi my sister has a joint property with her husband worth around £130k and the house is fully paid off ..

But she wants to release some money from her property so she can get her kitchen done up...

The only thing is her husband says he's not willing to do this and won't sign any papers to get a loan out...

Now as the property is on joint ownership can she take some money from the house without getting her husband involved..? if yes then how should she go about it...

thanks in advance

Comments

  • PoorDave
    PoorDave Posts: 952 Forumite
    500 Posts
    Whether she can or not does not seem to be the point here.

    How would she feel if this was done to to her i.e. he was to take out money from the property to do something she did not want done?

    On what basis are the financial arrangements concerning the payment for this house?
    Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery
  • rich1000
    rich1000 Posts: 257 Forumite
    Yeah poordave i hear what you saying...

    and im not too sure on the financial arrangements concerning the payment for their house..
  • PoorDave
    PoorDave Posts: 952 Forumite
    500 Posts
    It seems we're trying to go down the road of a very long post I saw the other day on here, where some bloke had lost his house because his wife and her mortgage adviser had faked his signature on documents for further lending to support her failing business. This tale also included them getting a third person in to impersonate the husband.

    Not 100% sure the post was actually true, but from the above you can easily see how these things start!
    Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery
  • clutton_2
    clutton_2 Posts: 11,149 Forumite
    a joint mortgage needs both signatures for anything as you are both jointly and severally responsible for the debt.

    is a new kitchen really worth all this deceit and lies and all the bother it will cause in the end ?
  • Astaroth
    Astaroth Posts: 5,444 Forumite
    Doesnt sound like the relationship is in the best of shape if she is considering trying to go behind his back on lending against the jointly owned property. Personally would question if further credit is the right thing to be doing if there are these issues.
    All posts made are simply my own opinions and are neither professional advice nor the opinions of my employers
    No Advertising or Links in Signatures by Site Rules - MSE Forum Team 2
  • rich1000
    rich1000 Posts: 257 Forumite
    Hi all - i agree with Astaroth..

    i think both my sis and her husband are a little fed up with each other..

    i know it's not right - but i thought i'll ask..

    thanks for all the replies
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