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Do I need to change the mortgage to my sole name?

Posted on 26 March 2013 by Davies


I have a joint morgage with my father in law who also has his own joint morgage with his wife, we have received a letter asking does he need a buy to let morgage or which property does he live in, I live in the property does it matter if he doesn't live at my property? Or will I have to change the morgage into my name alone?

Mr Davies,

As long as on the original application form you submitted for the mortgage your father in law declared that it wasn't to be his main residence, then I don't think there should be any problem.

I would reccomend that you check the original paperwork, and see what that says, before contacting the lender. If they were under the impression that he lives there with you, it might be that we have to look at removing him from the mortgage.

Once you've checked the paperwork and spoken to your lender, then let me know and if needs be, I'll arrange for you to talk to a consultant to go through your options.

Regards,

Simon

simon.collins@johncharcol.co.uk

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