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Deeds of consent
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madwife260
Posts: 30 Forumite
Hi all.
We have just been given our mortgage offer, woohoo, and one of the conditions is that our 17 year old daughter signs a deed of consent.
We are first time buyers and have no idea what this actually means!!!!
Any help would be greatly appreciated! Thankyou
We have just been given our mortgage offer, woohoo, and one of the conditions is that our 17 year old daughter signs a deed of consent.
We are first time buyers and have no idea what this actually means!!!!
Any help would be greatly appreciated! Thankyou
1
Comments
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It's just her acknowledging that you're granting a mortgage over the property she lives in, and she's not going to kick up a fuss if the bank repossess.
1 -
Fab, thankyou! Thats great. Needed it to be put into a plain language to understand. Makes sense i suppose!
Thankyou again 🤪0 -
That your daughter has no financial interest or claim to the property. In the event of repossession she has no legal grounds to delay proceedings.1
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Thankyou, thats great! Good to know.0
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