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Remortgaging within 6 months of ownership
Bunnycooper
Posts: 3 Newbie
Hi, I’ve owned 50% of a property with my mum for several years and I’m now inheriting the other 50% from her. Will I have to wait the 6months before remortgaging the property even though I already owned 50% of it?
Tia
Tia
0
Comments
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You've posted this on the credit cards board, whereas its subject matter is more suited to the one specifically about mortgages, at https://forums.moneysavingexpert.com/forumdisplay.php?f=150
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I'll move it to a more appropriate locationI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
Thank you, I noticed it after I’d posted and can’t work out how to move it, I’m not v good with online stuff as you can see lol0
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No. You won't.Bunnycooper wrote: »Hi, I’ve owned 50% of a property with my mum for several years and I’m now inheriting the other 50% from her. Will I have to wait the 6months before remortgaging the property even though I already owned 50% of it?
Tia
Inheritance is one of the exclusions to the "six month rule" adopted by some lenders.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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