 Topic - Hypothetical Property Question
|
|---|
 by - mypyrex  on - 03 Feb 2013 |
Situation:
A & B are 67 and 70 years old and live together and have 50-50 ownership (no mortgage) of their property, currently worth circa £250k
B has a son C age 40. He has equity of circa £50k and could raise a mortgage of £75k. For various reasons B wishes to move in with A & B. Thus the three of them could potentially purchase property i.r.o £375K but A & B are too old for a mortgage.
Just wondering if all three can have equal shares in a £375k property with C as sole morgagee? |
... not showing 9 replies to this topic ...
Register as a New User or login to gain full access to the forums. Registration is quick and completely free.
If you are definitely logged on, press Ctrl+F5 keys to reload this page [read more]
Unregistered users can only read messages in the most recent topics. |
 |
