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How Long Before Remortgaging?
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For most lenders this is a remortgage of an unencumbered property.
Some lenders won't lend until a property has been in current ownership for at least six months.
The main issue is removing your Mother from the ownership and having a lender accept she will continue to live in the property.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 -
My mum would be crazy to agree to it because?
Serious question. Not meant to sound off-handed!! Just interested. This is all a big learning curve for us
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She's gone from having a secure home with the local authority to having a secure home that she owns. That's a reasonable step.My mum would be crazy to agree to it because?
Serious question. Not meant to sound off-handed!! Just interested. This is all a big learning curve for us
She'll then be going to having no security at all. She'll be reliant on you keeping a roof over her head.
Now, I'm not saying that she'd be crazy to do that because you're some sort of evil scumbag. I don't know you. I'm happy to assume that you're a good guy. But ever too often I've heard stories of people doing the dirty over family members or former friends to make a quick buck.0 -
Aah I thought that was what you meant. No I definitely wouldn't do that to her. But, yeah I've heard of that happening too!!0
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