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Mortgage with another owner

johnsa
Posts: 1 Newbie
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
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
0
Comments
-
No. The bank can't repossess half a property.0
-
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.0
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