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Joint mortgage question
Vegeta
Posts: 383 Forumite
If for example there are 2 people who own a property need help from a close relative to get a mortgage, can they add a 3rd person to the title deed via transfer of equity so that 3rd person can get a joint mortgage with one of the original owners?
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Comments
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You can carry out a transfer of equity, yes, but the third person will join the other two in ownership and all three must be party to any mortgage.
You may be able to have more borrowers than there owners, but not the other way round.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
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