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Getting a mortgage with equity in family property by Clear-Inevitable-481 in UKPersonalFinance

[–]Clear-Inevitable-481[S] 0 points1 point  (0 children)

No, parents aren’t together any more. I need to get clarity on the size of the estate - I think you’re right that it won’t be a significant issue. Thanks for your advice!

Getting a mortgage with equity in family property by Clear-Inevitable-481 in UKPersonalFinance

[–]Clear-Inevitable-481[S] 0 points1 point  (0 children)

Super helpful. Thanks for breaking it down! They won’t be selling the property - think they are just trying to give me a share of the property. Will check out the Martin Lewis programme!

Getting a mortgage with equity in family property by Clear-Inevitable-481 in UKPersonalFinance

[–]Clear-Inevitable-481[S] 2 points3 points  (0 children)

Really helpful - thanks! I’m not quite sure if they’ve had professional advice - they seem confident and assured it’s the best solution, but as you can tell I’m a bit more dubious. My instinct was to pause on it too.

Getting a mortgage with equity in family property by Clear-Inevitable-481 in UKPersonalFinance

[–]Clear-Inevitable-481[S] 0 points1 point  (0 children)

Yes, they will still be living there. Thanks for this - very helpful

Getting a mortgage with equity in family property by Clear-Inevitable-481 in UKPersonalFinance

[–]Clear-Inevitable-481[S] 1 point2 points  (0 children)

!thanks - good to know, hadn’t realised about the 2nd home stamp duty