Need advice regarding mortgage security

ALARMSCAMREPORTER

Hi new to this and hope I've found the correct place. Can anyone answer a qeurie for me is poss. Me and my brother inherit a house when my gran dies or moves. She has life rent on property and then I will have my half of sale. Hopefully this makes sense.My question is Is there any company who would overlook my average credit rating or can I use the inherited house as a type of security

dimbo61

Hope your gran had a great Xmas and new year and is in good health!
If after her death you do get 50% of the value of her property you have then to decide with your brother if one of you wants to buy out the other or just sell the property and split the profit after selling costs and TAX have been paid.
Having a good deposit and a job will help in buying a property of your own

ALARMSCAMREPORTER

Thanks for the reply however I feel you've missed my point. I also wish my gran all the health in the world and want her to live for years. with that in mind i want to know if i can use my half of that house as security on a mortgage

Thrugelmir

As you only own half the house. You would need the permission of the owner of the other half to use the property as security.

As if you defaulted on your debt the lender would look to call in the charge. Thereby forcing the sale of the property.