We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Deeds of consent
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
-
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
-
Thankyou, thats great! Good to know.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards