Moving house/remortgage

[Sheds]

Hi guys ...
Has anyone had experience of selling their house ....then moving in to parents house but splitting the house so the will be separated.....
My issue is I can clear my current mortgage that's fine ...
But we will need to start a new one for work to commence on the house we are moving to ......
Without our names being on the deeds is there a way to get a loan without collateral.......
Has anybody had this problem ...
All advice greatly appreciated as I have no experience in this regard...
Cheers

 

[Sheds]

Hi Guys ...
For mortgage advice who would you recommend to talk to ..
Cheers

 

[Leo]

Without your names on the deeds you won't get a mortgage and will be limited to an unsecured loan at higher interest rates.

You will need planning permission to separate your parents' house into two dwellings. If your parents are elderly and will require care, you may have a decent chance of getting this, but it's not guaranteed, and you will likely end up with planning conditions that state the property must be returned to a single dwelling once you or your parents move out. So ultimately this might be an expensive solution.

 

[Sheds]

Thanks a million ....
That's good to know and to get our name on the deeds we would incurr the tax ?
Or can names be put on it and not sign over fully ...
Thanks for taking time to reply