Need advise

lynedesp

I have 2 and half properties, one and a half with no mortgage on. The other only part mortgaged - was selling this one but after along period of time it fell through. This I have a buy to let on, redecorated it so never relet it thought I could manage a few months with mortgage but when offer came through and they had paid dep to solicitor thought everything was going well.. Got into debt paying the mortgage and general bills on it but thought it was going through so would be ok in the end. So to cut a long story short in debt through this. Tried a remortgage on place where I live but because though its paid up it is a tenant on land so cannot get loan due to this. Tried to change mortgage from buy to let and move back to original house but cannot do that till I actually live there. Will be putting this house where I live now on the market but not hopeful its going to go quickly. But desperate to move back, so I could go to live in the house I half own but need to clear my debts to do so. Do you know whether I could use this half of my house to get a loan/mortgage though I have not moved there yet. Know its sounds very confusing, but hope someone has some ideas for me. Thanks

Tixy

Hi and welcome

Your post is really difficult to read.

Are you asking if you can raise a loan or mortgage on a property that you own half of? If so who owns the other half of the property? what is your relation to them? is it owned as joint tenants or tenants in common?
Are they aware of the situation and that you want to raise some money against this property?

If people are to advise more then they probably need some more financial information, values of each property, mortgage balance, details of your other debts, what your credit history is like (late payments, defaults etc), details of your income.