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How many people can buy a house jointly?

the_matrix
the_matrix Posts: 526 Forumite
100 Posts
in House buying, renting & selling
Hi

I know two people can buy a house jointly in England. Can more buy jointly?

Thanks :beer:
SECRET OF SUCCESS IN LIFE:
Patience, patience & patience.
«1

Comments

  • Fire_Fox
    Fire_Fox Posts: 26,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Joint tenants or tenants in common?
    Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️
  • david29dpo
    david29dpo Posts: 3,975 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I believe its up to four, the last time i looked.
  • kingstreet
    kingstreet Posts: 39,335 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    TBH I know of no limit on the number of parties who can own a property.

    If a mortgage is required, the number of applicants to the mortgage may be determined by the lender setting a limit.
    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.
  • go_cat
    go_cat Posts: 2,509 Forumite
    I've been Money Tipped!
    Always worth thinking about what would happen in the future if one of the parties situation changed and they wanted to sell....
  • Waterlily24
    Waterlily24 Posts: 1,328 Forumite
    Part of the Furniture 1,000 Posts
    Three of us bought our house. No mortgage though. The two of us and our son.

    Meant to say that most of the forms were only for two people and had to be amended slightly.
  • Annisele
    Annisele Posts: 4,835 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Only four people can be "legal owners", but you can have as many "beneficial owners" as you like - see here. (I couldn't find an official site, but Tessa Shepperson generally knows what she's talking about).
  • thelem
    thelem Posts: 774 Forumite
    Part of the Furniture Combo Breaker
    What about setting up a company to buy the house? That company could then have as many shareholders as you wanted.
    Note: Unless otherwise stated, my property related posts refer to England & Wales. Please make sure you state if you are discussing Scotland or elsewhere as laws differ.
  • Richard_Webster
    Richard_Webster Posts: 7,646 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    What about setting up a company to buy the house? That company could then have as many shareholders as you wanted.

    Then you'd be into an entirely separate area as far as getting a mortgage is concerned. May not be so easy.
    RICHARD WEBSTER

    As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.
  • the_matrix
    the_matrix Posts: 526 Forumite
    100 Posts
    Richard_Webster wrote: »
    Then you'd be into an entirely separate area as far as getting a mortgage is concerned. May not be so easy.

    What's the answer please? four?
    SECRET OF SUCCESS IN LIFE:
    Patience, patience & patience.
  • thegirlintheattic
    thegirlintheattic Posts: 2,761 Forumite
    4, unless, as someone has pointed out, you own a company.
    Save £200 a month : [STRIKE]Oct[/STRIKE] Nov Dec Jan Feb Mar Apr
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