Hello everyone,
A few years ago, I purchased a house with my sister to live at and to equally pay off the mortgage. From my side, I paid off the mortgage, but not my sister due to health issues she has and she is currently on a benefit.
Now, I am looking to buy a second property by using the equity that I have in my existing house. I got a bank approval based on a condition to pay off the current home loan. My question, is there away to keep the existing mortgage because my sister has more repayments to do? Any ideas would be much appreciated.
Thanks
A few years ago, I purchased a house with my sister to live at and to equally pay off the mortgage. From my side, I paid off the mortgage, but not my sister due to health issues she has and she is currently on a benefit.
Now, I am looking to buy a second property by using the equity that I have in my existing house. I got a bank approval based on a condition to pay off the current home loan. My question, is there away to keep the existing mortgage because my sister has more repayments to do? Any ideas would be much appreciated.
Thanks