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Mortgage on parents property
Denison1
Posts: 1 Newbie
I am trying to assist my dad and weighing up equity release v me buying a share of his property. I'm trying to get my head around the costs, tax implications and any other issues that might arise and would appreciate any advice.
0
Comments
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You are not on the deeds so cannot get a mortgage!
Your Dads property may well have gone up in value over the last 30 years BUT he still has a mortgage and also needs money to extend the lease.
Are you buying a share in the property?
Do you have any brothers or sisters?
Do you live in the property?
You will not get a BTL mortgage without first being a homeowner and earning over £25,000 a year0
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