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Owning Share ownership adding a mortgage

8 replies

Girl1990 · 21/01/2025 13:27

Hi everyone have a question. Basicly my mum owns a share ownership house. And due to past debt she wants to get a mortgage to add to the share ownership she owns. She owns 25 percent of the house. What banks would you recommend that can add a mortgage to the sharedownership

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Stef92 · 21/01/2025 13:42

I would speak to a broker who would be more specialist on this subject. I used to work in mortgages but have been out of that world for nearly 3 years, when we did shared ownership mortgages Leeds Building Society and Barclays were the most common. London and Country Mortgages will do the work without a fee

LIZS · 21/01/2025 13:45

How did she fund the 25%originally?

Girl1990 · 21/01/2025 13:58

From sale of the house when my parents divorced

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LIZS · 21/01/2025 14:15

Do you mean she wants to add to her 25% share or mortgage to the 25% ? Will she get a mortgage with debt history? How old is she?

Girl1990 · 21/01/2025 14:18

She is retired 65 she wants to add a mortgage too her share ownership so she can pay off her debt. She has a 700 credit score

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Girl1990 · 21/01/2025 14:19

She has a 25 perecent sharedownership of the house she owns

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Girl1990 · 27/01/2025 18:38

Not great news so far turns our Leeds building society don’t do share ownership
so we looking at a mortgage broker and see if she can find any that do someone having a shared ownership but wanting to add a mortgage to it

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Girl1990 · 27/01/2025 18:39

Also tried nationwide and NatWest no luck

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