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Remartgage - notify older children
Comments
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It does, of course, apply to "adult" children living in the property to be mortgaged.I was living in my Mum's house at the time she remortgaged and I had to sign to say that I would leave if requested to do so by the mortgage company (I was 19 at the time). I can't imagine that you would need to ask people who didn't live there? Mum remortgaged last year and I'm pretty sure that at 32, married and with a (mortgaged) house and kids of my own I wasn't asked to consent!
I was also advised that I should take independent legal advice. Mum said that I could if I wanted, but there was also the option of moving out... I signed the form!
I've amended my post.
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.0 -
I was also advised that I should take independent legal advice. Mum said that I could if I wanted, but there was also the option of moving out... I signed the form!
Like it!:rotfl::rotfl: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 -
It applies to any adult living in the household - not just your adult children. We had a live-in nanny and she had to sign the waiver.0
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When I used to be a lodger I had to sign a waiver as well . . .0
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