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Equity release from estate
duckwhisperer
Posts: 1 Newbie
Hi, I have inherited my mothers house, it was a council property up to 18 months ago when she bought it outright.
I realise that if I sell the property I will have to return some of the discount to the local authority, but I cannot find any information regarding a re-mortgage.
If I release some of the equity in this way, to help with my own mortgage, will this also be subject to returning a % of discount?
Does anybody have any experience in this field?
Thank you in advance.
I realise that if I sell the property I will have to return some of the discount to the local authority, but I cannot find any information regarding a re-mortgage.
If I release some of the equity in this way, to help with my own mortgage, will this also be subject to returning a % of discount?
Does anybody have any experience in this field?
Thank you in advance.
0
Comments
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It is not that simple if you have recently inherited the property.
Also, how is it currently being used?
Engage yourself a decent mortgage broker.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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
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