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Seanymph
Posts: 2,882 Forumite
OH is going to raise a mortgage on his house - owned outright.
Two things raise questions - 1. He doesn't live in it (he lives with me) and 2. His grown up son does live in it, but isn't a tenant and doesn't have a tenancy agreement.
We don't want a buy to let, because they are so much more expensive. Will he be able to raise a normal mortgage on this property?
Two things raise questions - 1. He doesn't live in it (he lives with me) and 2. His grown up son does live in it, but isn't a tenant and doesn't have a tenancy agreement.
We don't want a buy to let, because they are so much more expensive. Will he be able to raise a normal mortgage on this property?
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How much equity is being released and what's the purpose of the funds.
Someone being resident in the property would need to be declared.0 -
erm, about 50% equity the funds are going to be used to buy a house in france.0
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