Buying out a joint deed holder on a freehold property with a mortgage???

muhammad1185

Hi All,

I was wondering whether you can advice me on how I can best proceed with a situation and whether it's something you can help me with legally.

Situation- Myself and my sister are both on the title deeds for a freehold property that my parents gifted to us in 2013. Since we have no mortgage I would like to know whether I can obtain a mortgage to buy her share, Therefore being the only person with an interest in the property,

Value- £210'000-£220'000
Mortgage required- £120'0000
My monetary interest in property- £100'000

How best do we proceed in this situation? Your advice would be much appreciated
Thanks :T

stephenni1971

As long as you can meet the normal requirements of getting a mortgage this isn't going to be an issue.