Can I get a mortgage on the house owned jointly with my mum and my sister?

Posted on 19 March 2013 by Nick

My mum (nearly 70) owns her house outright (£160k) myself and my sister legally own 1/3 each, effectively all owning a third. Can I obtain a mortgage on my third share or will it have to be all three of us on it? I need to pay off debts and this way will be about 1/8 of the cost of my monthly minimum payments as of now. I live in a rented house and I assume my sister has a mortgage with her husband, but it would save me a small fortune.


Unfortunately, all 3 parties would have to be on the application, and your mum and sister would also need to take separate legal advice, as the money being raised isn't being used for their benefit.

If your mum and sister agree in principle to raising a mortgage on the property, then please let me know, and I can arrange a convenient time for all 3 of you to speak to one our consultants to talk through the options in more detail.



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