Hi,
My partner and I have gone sale agreed on a property (that has a side garden with planning permission approved for another house). Basically, we have decided to buy this house with my sister and her husband. They will take the site and we will take the house.
So, we need to buy in all four names and want the four names initially on the deeds. My sister has the money required for the site purchase.
So my partner and I want to get a mortgage for our share (minus our deposit of course) in our two names. But we need to have four names on the deeds (we will then split these ourselves after the buy - we have all the legals for this part organised with our solicitor).
Has anyone tried to get a mortgage with additional people listed on the deeds that are not on the mortgage? The mortgage will only be for approx. 2/3 of the value (The % we will own). One bank has already said to us they will not do it.
Any advice is much appreciated.
Regards,
Kaza
My partner and I have gone sale agreed on a property (that has a side garden with planning permission approved for another house). Basically, we have decided to buy this house with my sister and her husband. They will take the site and we will take the house.
So, we need to buy in all four names and want the four names initially on the deeds. My sister has the money required for the site purchase.
So my partner and I want to get a mortgage for our share (minus our deposit of course) in our two names. But we need to have four names on the deeds (we will then split these ourselves after the buy - we have all the legals for this part organised with our solicitor).
Has anyone tried to get a mortgage with additional people listed on the deeds that are not on the mortgage? The mortgage will only be for approx. 2/3 of the value (The % we will own). One bank has already said to us they will not do it.
Any advice is much appreciated.
Regards,
Kaza