Releasing some equity, obtain a mortgage (uk only)?
i need to release some equity from a house which i own but is in my mothers baptize. there is currently no mortgage on the property but my mother is a pensioner so can not show any way of paying the money fund. i am looking to borrow 50-60,000 GBP on the property which is worth at least 150,000 GBP. i am prepared to go guarantor on the loan/mortgage but don't know the amount of information i will be required to provide regarding my employment status and earnings etc and also whether or not it is even doable that she will be able to obtain a mortgae beside me acting as guarantor, any information or suggestions will be appreciated.....
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