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I Go on the Deeds of the House in Replacement of My Parents Can I Apply for a Remortgage on the House?

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okay i’m 21 and british, my parents have applied for the remortgage but got turned down due to adverse credit status, the house is in need of some serious home improvements and we need around a 30k remortgage to get the whole place renovated, if I went on deeds in place of them and applied myself would this work in getting the money? (they would still handle the repayments) can I do this or do you have any other tips on how to get the money?

thanks
okay i’m 21 and british, my parents have applied for the remortgage but got turned down due to adverse credit status, the house is in need of some serious home improvements and we need around a 30k remortgage to get the whole place renovated, if I went on deeds in place of them and applied myself would this work in getting the money? (they would still handle the repayments) can I do this or do you have any other tips on how to get the money?

P.s yes I have a job, yes the house is valued more than 30k and yes if my name was on the deeds I would legally own the house
P.s yes I have a job, yes the house is valued more than 30k and yes if my name was on the deeds I would legally own the house

Asked by:Martyn B


One Comment

  1. Doctor Deth says:

    is there even 30,000 in equity in the house? if not, no one will be able to get a mortgage no matter what – I doubt you would be allowed to anyway – you are not an owner of the house – do you even have a job?

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