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The time now is 05/17/08 - 10:13

Joint ownership but just a normal mortgage?


RealCool.BIZ Forum Index -> Finance -> Mortgages & Endowments

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chrissie
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Joined: 20 May 2007
Posts: 5



PostPosted: 01/23/08 - 09:57    Post subject: Reply with quote

I have recently been thinking of buying a house. However, I do not have enough money and probably the best option for me is to get a joint ownership. I would like to know whether a normal mortgage is possible and wanted in this case. If anyone could tell me, that would be great. Thanks in advance.
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eugenius
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Joined: 20 Jun 2004
Posts: 5



PostPosted: 02/22/08 - 02:55    Post subject: Reply with quote

Normal mortgages are generally not meant for people who want joint ownership. Of course, there is not much difference between normal mortgage if you understand it as a mortgage with standard interest rate and length, and some mortgage specially approved for joint owners. Having mortgages for such a deal is not too difficult, and although you get a mortgage under pretty much the same terms as standard buyers, legally your status, tax paying, and other similar things are different than in the case you would be the only owner. However, when it comes to the mortgage, it is perfectly fine getting a normal one. Best of luck.
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RealCool.BIZ Forum Index -> Finance -> Mortgages & Endowments

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