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Mortgage a "tenant in common" property

vinuela13

vinuela13 Posts: 186 Forumite

25 July 2011 at 2:12PM in Mortgages & endowments

I own 50% of a property with my sister and wondered if I would be able to raise a mortgage on my share.

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Comments

kingstreet Posts: 39,315 Forumite

25 July 2011 at 2:15PM

Nope. You can raise a mortgage only on the whole property with your sister as a joint applicant only.

I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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vinuela13 Posts: 186 Forumite

25 July 2011 at 2:17PM

Thanks for quick response

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kingstreet Posts: 39,315 Forumite

25 July 2011 at 2:22PM

diddlyidi wrote: »

Thanks for quick response

Thank you for an easy question. We often get a life history on here before the point is actually reached. Succinctness rules.

I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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