Can I have a joint mortgage with my daughter?

Yes. Many lenders are happy to approve joint mortgages for family members. Many parents will choose to apply for a mortgage jointly with their children in order to help them onto the property ladder.

Can I get a mortgage with my sister?

Yes! Some lenders won’t allow more than two people to go on a mortgage, but others are more flexible and would be happy with three or four. So, although three or four people might be named on the mortgage, the amount you can borrow might still be based on the combined salary of two applicants.

Can you add your daughter to your mortgage?

Due-on-sale clauses allow mortgage lenders to call in their loans if the homes backing them are transferred to others. You may be able to add another person such as an adult daughter to your mortgaged home’s title, though. First Time Home Buyer?

What kind of mortgage can I get for my Sister?

For just £17.50 more than the £500 you plan to pay your sister, you could get a mortgage of £75,000 with an interest rate of 3% and a term of 15 years. And your sister would get a cash lump sum of £75,000 and no worries.

Can a parent give their child a mortgage?

Parents wanting to give mortgaged homes to their adult offspring must be creative to do so. If she’s mortgage-qualified, your daughter could buy your home at a price equal to its mortgage balance, perhaps. If your child can’t qualify for a mortgage to buy your already mortgaged home, consider cosigning.

Can a mother put her daughter on the title of a home?

When the lender permits this, all the loan documents are signed by the borrower and a few documents would also be signed by the non-borrowing owner of the home. In this situation where the mother closed on the loan, and the lender refused to put the daughter on the title to the home, there are a few options.

Can a parent give their daughter a mortgage?

Understand, though, that any existing mortgage on your home remains your responsibility even if you’ve added another person to the title. Parents wanting to give mortgaged homes to their adult offspring must be creative to do so. If she’s mortgage-qualified, your daughter could buy your home at a price equal to its mortgage balance, perhaps.

Can a senior add her daughter to the title of a home?

Typically, the mortgage lender likes to make sure that the borrower on the loan is the same as the owners on the title to the property. However, if a senior wanted to add her daughter, it’s not uncommon for a lender to allow a non-borrower spouse or child to be on the title but not on the loan.

What happens if I Buy my Sister out of her parents house?

We plan for me to pay her a monthly sum until I have bought her half of our parents’ house. Will she be liable for extra tax? Reader’s sister agrees to sell her half of their inherited house to him. Photograph: D Hurst/Alamy Reader’s sister agrees to sell her half of their inherited house to him. Photograph: D Hurst/Alamy