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Mortaging on joint ownership.
dobbollah
Posts: 234 Forumite
JThe wife and i would like to re mortgage on my house which is joint owned by myself the wife and father.
The wife and i own 33% each and father 34%
The house is worth £350000 with no mortgage on it.
We would like to release 90k to fund a property purchase abroad.
Do able.....? Or does the fact my 70 yr old father owns a 3rd make it a no no
Thanks in advance
The wife and i own 33% each and father 34%
The house is worth £350000 with no mortgage on it.
We would like to release 90k to fund a property purchase abroad.
Do able.....? Or does the fact my 70 yr old father owns a 3rd make it a no no
Thanks in advance
Debt free since Jan 2016
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