V vancouver Guest 29 Mar 2012 #1 One son owes a house and wants to put his brothers name on mortgage - what are the implications?possible costs please?
One son owes a house and wants to put his brothers name on mortgage - what are the implications?possible costs please?
D dewdrop Registered User Messages 1,298 29 Mar 2012 #2 If the brothers name is going on the mortgage then he becomes fully liable for repayment of the loan. If the loan has been granted in the sole name why is the brothers name being mentioned. Does the lender want his name.
If the brothers name is going on the mortgage then he becomes fully liable for repayment of the loan. If the loan has been granted in the sole name why is the brothers name being mentioned. Does the lender want his name.