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Remortgage a gifted property

Debcash
Debcash Posts: 1 Newbie
in Mortgages & endowments
Hi there, just looking for some help quickly.

My partner is being gifted a house from her family and we were looking at getting a mortgage pretty quickly after it's been signed over. Can we jump straight into one or do we have to wait 6 months? Bit confused really!

We don't own a property or have a mortgage ourselves

Cheers

Comments

  • butterflybook
    butterflybook Posts: 125 Forumite
    Usually you would need to wait for 6 months, however it depends what the reason would be for raising the funds as some lenders are discretionary on this
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • badmemory
    badmemory Posts: 9,887 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    And a mortgage would be a good idea because.....? And when the donor finds out that a mortgage has been taken out on it there could well be no more freebies coming her/your way!
  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Probably to pay back the "gift" maybe.

    Seriously, why do you need a mortgage pretty quickly after being given a house?
This discussion has been closed.
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