Property in 3 names, mixed credit record

Posted on 14 September 2011 by Glynis

I have an equal share in a property with my brother and sister.  My credit rating is good, theirs is not. We have no mortgage on the property currently and wish to raise one of approx 70% value (£100k).  Is it possible to raise in my name with them agreeing to it, or me as a guarantor as I earn a lot more than them also?  We have been told they would not be accepted for a mortgage due to bad credit so are unsure about what to do?


I'm afraid that it is not possible to have more names on the title of the property than are on the mortgage.  This means that any mortgage would have to be in the joint names of you and your siblings.

Depending on the level of poor credit they have, it may still be possible to raise a mortgage and it would be worth giving one of our consultants a call on 0344 346 3672.  They will need to know the exact details of you brother and sisters credit records, if they do not have these to hand it is possible to obtain them online via Experian, Equifax or Call Credit for a statutory fee of £2 or they can get them for free if they are willing to sign up for a trial period and then cancel.


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.

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