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Dividing family home, a few questions.

patsyrockem · 2012-10-17 17:46:41

I have received PP to reconstruct the family home, my parents in one half and I in the other. We want to split it legally now, as well as a solicitor do I need to get an engineer to map the two halves. I will be looking for a mortgage for the works, will the ownership of my half suffice to be eligible for a mortgage or…

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17-10-2012 6:46pm

#1

patsyrockem

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I have received PP to reconstruct the family home, my parents in one half and I in the other. We want to split it legally now, as well as a solicitor do I need to get an engineer to map the two halves. I will be looking for a mortgage for the works, will the ownership of my half suffice to be eligible for a mortgage or will they wants the deeds for the whole property? Thanks

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#2 17-10-2012 8:10pm
muffler

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Yes you will need to get a technician/architect/engineer to prepare a sub-division map but you should consult with your solicitor first on this matter.

Regarding the issue of the mortgage I have no idea what the requirements would be but I will move this thread over to the banking forum where the good folks there may be able to offer advice.

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