Property: Joint family ownership

  • Thread starter Schillachie
  • Start date


Hi There,

four members of the same family are buying a piece of land (non-developmental/non business) for 80K

What the easiest/cheapest way to set the Mortgage up ?
What type of a Mortgage should we go for ? Tracker possibly.

What other costs can be included; ie legal, auctioneer, etc ?

Should we draw up a legal document to allow for get out clauses, conditions of sale, things like that so that there are no misunderstandings down the road ?

If anyone has any experience or knowledge in this area, I would appreciate your advice.

Thanks, Schillachie