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Can brother re-mortgage house without siblings realizing?
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cormskie
Posts: 13 Forumite
Hi, ownership of my parents home was transferred to their children in 1987 in order to get around inheritance tax. There is no mortgage on the property. It is in my name, my brothers name and my sisters name.
My question is- can my brother re-mortgage or get equity out of the property without myself and my sister knowing anything about it. He currently is the only person living at the address. He has worked in finance in the past but has got into money difficulties.
The deed to the property is held by a solicitor.
Is there anyway i can check if the house has been re-mortgaged?
thanks
My question is- can my brother re-mortgage or get equity out of the property without myself and my sister knowing anything about it. He currently is the only person living at the address. He has worked in finance in the past but has got into money difficulties.
The deed to the property is held by a solicitor.
Is there anyway i can check if the house has been re-mortgaged?
thanks
0
Comments
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He can't legally remortgage without your signatures (and application details such as income etc)I am a mortgage adviser.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.0
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Basically correct, but do keep an eye on him. https://forums.moneysavingexpert.com/discussion/3498679 refersHe can't legally remortgage without your signatures (and application details such as income etc)
Go to the LandReg and see the charges register for the property.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
DVardysShadow wrote: »Basically correct, but do keep an eye on him. https://forums.moneysavingexpert.com/discussion/3498679 refers
Go to the LandReg and see the charges register for the property.
I think it is totally correct, not basically he cannot LEGALLY remortgage the property.I am a mortgage adviser.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.0
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