Ask a Law Question, Get an Answer ASAP!
Hi Matt, Yes it will be a high street lender.
Hi Matt, Yes, we feel sure she will have no issues with that. We just didn't know how documentation would be set out against her part in it as the deposit person ...and my husband and i paying out the mortgage repayment.
I completely understand your response in how this is dealt with from the lenders point of view. Is there anything else we need to be aware of ?
Thats ok Matt. This has been really helpful, thanks ever so much
It is with surprise that my husband has spoken to his mum about what we have discussed online and she has actually showed her concern over being included in the mortgage as she would worry what comeback there is on HER if we came into a situation where we couldn't pay the mortgage and she would hence be liable too. She is as you can imagine, a worried party that hasn't moved in 40 years! Is this where a deed of trust would settle her mind? Or...Does it get more complex than that?