Mortgaging a house in someone else's name

W

wingwam

Guest
Is it possible to get a Mortgage on a house in someone elses name??

I want to buy a house but I am unable to obtain a mortgage as I am only on a contract employment.
Is it possible to get a mortgage in someone elses name but to keep the house in my name??
 
Re: Mortgaging a House in someone elses name

You should check with a broker about a mortgage. If you can show that your contracts are regular, then the banks might still give you a mortgage.

But it's not possible to mortgage a house under someone elses name. There would be no security registered against the borrowers name.
 
Re: Mortgaging a House in someone elses name

You could take out a mortgage in your name and have someone else as guarantor?
 
Apparently these days if you're a solicitor you can put your name on the deeds of a house that someone else bought and then raise several mortgages against it.
 
Dave Vanian said:
Apparently these days if you're a solicitor you can put your name on the deeds of a house that someone else bought and then raise several mortgages against it.
Click to expand...

When I read the title to this thread I thought this was a discussion about those cases as oit would appear thats what they did
 
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