• Joint Ownership No Mortgage

    By Guest on 17th Feb 2016

    My brother and I own a house with no mortgage that's is rented out, I want to release a small amount of equity from my half for home improvements on my own home do I need his permission?

  • 1 Answers

    By Guest on 18/02/2016

    Yes and he would have to be a party to the mortgage/loan. The lender needs to make sure it can repossess the property if you default and it can only do this if he joins in the mortgage and signs the deed

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