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Mortgage with another owner

Hi

Can anyone advise if it is possible to obtain an buy to let mortgage for 50% of property value if the other 50% is owned by a company?

Example:

ABC Ltd pays 50% cash and I pay 50% with buy to let mortgage on a residential flat.

Thanks

John

Comments

  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No. The bank can't repossess half a property.
  • Tom99
    Tom99 Posts: 5,371 Forumite
    1,000 Posts Second Anniversary
    It may be possible if ABC Ltd are happy to have a charge on the property and to stump up if you default. Ie you would both mortgage the property but between you you agree you will pay off the mortgage.
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