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Mortgage guarantor
3 Answers
Can a mortgage guarantor claim that he owns a property because he made the mortgage payments from his own bank account?
I believe he can't, but I am having difficulty convincing someone.
Can any one help please.
I believe he can't, but I am having difficulty convincing someone.
Can any one help please.
Answers
Best Answer
No best answer has yet been selected by Julietf123. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.The person who owns the property is the one with his name on the Registered Title.
That is the legal owner.
However, a third party can claim a beneficial interest or equitable interest in the property in certain ways - one of which is to prove he has paid a large amount of money off the mortgage IN THE BELIEF he would be entitled to a share of the equity. If he can prove this by wirtten documents, so much the better.
There are many examples but it is a complex and detailed area of law.
That is the legal owner.
However, a third party can claim a beneficial interest or equitable interest in the property in certain ways - one of which is to prove he has paid a large amount of money off the mortgage IN THE BELIEF he would be entitled to a share of the equity. If he can prove this by wirtten documents, so much the better.
There are many examples but it is a complex and detailed area of law.
Thank you Ethel
The guarantor is not mentioned on the Land Registry. Therefore I do not believe he owned the house outright.
It has always been agreed that the guarantor could have a share of the equity should the house be sold.
Although he did say that he had a right to sell the house and make my mother in law homeless.
He did not have this right, did he?
The guarantor is not mentioned on the Land Registry. Therefore I do not believe he owned the house outright.
It has always been agreed that the guarantor could have a share of the equity should the house be sold.
Although he did say that he had a right to sell the house and make my mother in law homeless.
He did not have this right, did he?