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Applying for mortgage with part ownership

KKDT11 · 2019-01-23 13:33:13

Hi, Just a quick question in general. If you part own a property and want to buy out the other parties involved does the bank take the % of ownership into account when dictating the amount of deposit required (or is any deposit required in this instance?). Are they more likely to approve a mortgage if you own part of the…

23-01-2019 1:33pm

#1

KKDT11

Registered Users, Registered Users 2 Posts: 1 ✭

Join Date: January 2019

Posts: 0

Hi, Just a quick question in general.

If you part own a property and want to buy out the other parties involved does the bank take the % of ownership into account when dictating the amount of deposit required (or is any deposit required in this instance?). Are they more likely to approve a mortgage if you own part of the property?
Just putting the feelers out to see if anyone has been in this circumstance before or if anyone in the banking trade have any views on it.

Thanks :-)

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