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Shared ownership with parents
Joe06031990
Posts: 4 Newbie
Hi,
I am looking into the possibility of buying a larger house with my parents on a 50 - 50 basis they would be paying for their half in cash and I would be getting a mortgage for the other half just wanted to know if this would be possible?
Thanks,
Joe
I am looking into the possibility of buying a larger house with my parents on a 50 - 50 basis they would be paying for their half in cash and I would be getting a mortgage for the other half just wanted to know if this would be possible?
Thanks,
Joe
0
Comments
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No. You can have more borrowers than owners but not the other way round. They would have to be party to your mortgage.
You can't mortgage half a property.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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