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 there is no equity in my home. What happens		  New Topic  Reply to Topic
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carol1449
Starting Member



1 Posts
Posted - 28 January 2009 :  18:47:44  Show Profile  Visit carol1449's Homepage  Reply with Quote
there is no equity in my home. What happens to the mortgage if a friend or relative makes the offer of a £1 to the OR. I'm sure I've got this mixed up in my own mind. Does the friend or relative then have to take over the mortgage?

movin on
Average Member

United Kingdom
946 Posts
Posted - 28 January 2009 :  20:54:28  Show Profile  Reply with Quote

Hey Carol and welcome to the forum

One the beneficial interest has been bought, then it is still your responsibility to pay the mortgage not your friend or relative.

Jenny
xx

Onwards and Upwards is the way im going :-0)

From "Moneyworries" to "Movin On" in 3 months is fantastic :-))

xx
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