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Tenants in Common / Joint Tenants
Dual
Posts: 50 Forumite
Evening all
Quick question
If I am a second borrower on a mortgage. Am I a tenant in common or a joint owner or neither??
I am on a mortgage with my mother who is aged 72 but the last time I checked the title register it didnt refer to me whatsoever?
Quick question
If I am a second borrower on a mortgage. Am I a tenant in common or a joint owner or neither??
I am on a mortgage with my mother who is aged 72 but the last time I checked the title register it didnt refer to me whatsoever?
0
Comments
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You will either be a Joint Tenant or you could be a Tenant in Common.
I think you have to be one or the other.
In the first case the survivor takes all and it is theirs by right and not left to them in the deceased will. Hence not Inheriotance Tax can be due in respect of the value of the house.
In the second case you own half each. You may or may not be left the remaining in a Will...0
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