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Alex J.
Alex J., Solicitor
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Experience:  Solicitors 2 years plus PQE
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Where a property is jointly owned can one of the parties take

Resolved Question:

Where a property is jointly owned can one of the parties take on a mortgage in their sole name?
Submitted: 3 years ago.
Category: Law
Expert:  Alex J. replied 3 years ago.
Hi,

Thank you for your question and welcome.

My name is XXXXX XXXXX I will assist you.

What you are suggesting is possible, however any bank will most likely require that you give them a first legal charge over the whole legal title of the property.

This means that even thought the other party wont be liable for the mortgage it will encumber the property so as to effect them.

Can I be of any further assistance?

Kind regards

AJ
Alex J. and other Law Specialists are ready to help you
Customer: replied 3 years ago.
Thank you Aj. No further advice required.

Regards
Expert:  Alex J. replied 3 years ago.
Hi,

I wish you the best of luck.

Please do not hesitate to contact me if I can be of any further assistance.

Kind regards

AJ

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