Can you get a mortgage if you only own half a house.

[graceom]

I own half a house with a family member, I hear a rumor that they are thinking of getting a mortgage on there half. Can they do this without my knowledge or permission?

 

[Mr. C.J.H.]

If the property is registered in joint names then the bank will not be interested in lending money on the security of one owner's interest in the property only.

 

[Brendan Burgess]

HI Grace

Why are you worried about them getting a mortgage? They won't get one, but even if they did, you would not be liable for it in any way.

 

[callybags]

Perhaps the OP is worried that in the case of the other party defaulting on their mortgage, half the house will be reposessed and they would be left with no downstairs.

 

[graceom]

Having to deal with the banks is my worry, especially if they can't pay.