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Mortgage to buy out partner's share - we aren't splitting up

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Comments

  • DavidT67
    DavidT67 Posts: 685 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Asking for a mortgage of only 11% of a house value might also be an issue.
    Most lenders have minimum lending thresholds, both by absolute and relative values.
  • Mojisola
    Mojisola Posts: 35,574 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    How much is 11% in money? Could you get a loan (rather than a mortgage) to buy him out?
  • tlc678910
    tlc678910 Posts: 983 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    I'm guessing some people that are not married are going to want to do this in order to be able to get another mortgage and property without additional stamp duty being due?
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