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Lender deed restrications...

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Icon Mini Profile rezacheshmehdoost





Joined: 05 Dec 2008

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1.30 Dollars($)
Post Posted: Fri Dec 05, 2008 10:07 am    Post subject: Lender deed restrications...
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Would the mortgage lender allow me to put my boys name in the deed for a new flat which I am buying them specially if the are going to live in it and pay the mortagage. 99% their share and 1% my share of the ownership..

they cannot get mortgage in the current financial claimte as they are students...
Icon Mini Profile parmoney





Joined: 05 Dec 2008

Posts: 37

11.32 Dollars($)
Post Posted: Fri Dec 05, 2008 6:31 pm    Post subject: This would depend on the investor
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You would need to check with the investor, some will not allow you to depending on the loan program you are going with.
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

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Location: Alaska
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Post Posted: Fri Dec 05, 2008 7:35 pm    Post subject:
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Hi rezacheshmehdoost!

Welcome to forums!

In my opinion, it will depend upon the person who has the 99% of share in the property. If that person agrees to this, then you will be able to put your son's name on the deed. But as far as I know, you will be able to put your son's name on the deed if he is an adult (i.e 18 years old).

Feel free to ask if you have further queries.

Sussane
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