Can we jointly own a property with my mother-in-law as she's putting in the deposit?

Posted on 22 July 2013 by Tony

Is it possible to jointly own a £500k property with my mother-in-law where she puts in £200k equity and we arrange a £300k mortgage.  She is 75 years old and has a house worth £320k which she would sell to release the £200k equity; the remainder being put into her savings.  There is a further complication in that I have significant outstanding debts (£70k) of which £27k is a 19 year loan and £43k on credit cards.  I have a good job income of £75k and a pension that is guaranteed to be worth at least £35k a year from the moment I stop my current employment. My wife earns £10k a year.  We are 46 and 49 respectively.


Thank you for your enquiry. This could be possible, and looking at the details you have sent through so far, I feel that we are more likely to be looking at a bespoke lender for your application, rather than the major high street lenders.

Before I can really say too much more, we'd need to get the rest of the details of your case. Please let me know when would be a good time for you, and I'll arrange for one of our consultants to contact you, and explore your options in greater detail. Alternatively if you decide to call us directly, could you please mention that you first emailed Ask the Expert?

Many thanks,


More than mortgages, talk to me about:
Financial Protection | Investments | Personal and Corporate Pensions | Home Insurance
General Insurance | Valuations | Conveyancing | Wills | Home finders

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

You are currently offline. Some pages or content may fail to load.