We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
advice please
Kirsty234
Posts: 2 Newbie
Help!!
We are looking for a remortgage on a property that would eventually mean 55% equity taken out, currently less than 25%. The house is in two people's names but mortgage needed to be in one person's. The person whose name the mortgage will be in has a salary of £35k but has only recently started at their current role so doesnt have months of payslips...
we are hitting brick walls and being told the house needs to either be transferred to one person or mortgage in two names, unfortunately the second person is too old to take out a mortgage... groan
We are looking for a remortgage on a property that would eventually mean 55% equity taken out, currently less than 25%. The house is in two people's names but mortgage needed to be in one person's. The person whose name the mortgage will be in has a salary of £35k but has only recently started at their current role so doesnt have months of payslips...
we are hitting brick walls and being told the house needs to either be transferred to one person or mortgage in two names, unfortunately the second person is too old to take out a mortgage... groan
0
Comments
-
in general the owners on the deeds need to match the names on the mortgage
why is it a problem getting a mortage with both names but based on only one person earnings (like millions of people do)0 -
All those named on the deeds will need to be named on any mortgage. What's the actual problem with this?
Is it just a case of one of the incomes being in a probationary period? If so, why not wait a few months. What's the rush?0 -
age, the second person is too old to get a mortgage0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards