Q&A

Answer a question


27 May 2014

Borrowing a lump sum to buy a partner out f a mortgage?

I would like to raise £17k to buy my partners equity out of a joint mortgage. Is this possible on an interest free credit card using the 'stoozing' technique to give myself a couple of years - I am unsure of what type of payment (spending or transfer) transferring that sum to a person would be classed as. Or if I transfer a lump some to the lender and they pay him? Otherwise I assume finding a low cost loan is the option? I am confident that I have a good credit rating as inky ever borrowed and repaid nominal sums when spending abroad, have overpaid the mortgage and have the usual credit history through contracts for mobile phones etc. Any advice greatly appreciated! :-)

  • REPORT This comment has been reported.

14 Answers

Answers

Be the first to answer

Do you want to answer this question? You need to be signed in for this feature

Answer a question

Be the first to ask a question

  • {{ question.title }}

    {{ question.authorName }} On

    {{ question.answerCount }} Answers

Copyright © lovemoney.com All rights reserved.

 

loveMONEY.com is a company registered in England & Wales (Company Number: 7406028) with its registered address at First Floor Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY, United Kingdom.


Our company maintains relationships with various affiliates and lenders, which we may promote within our editorial content in emails and on featured partner pages through affiliate links. Please note, that we may receive commission payments from some of the product and service providers featured on our website. In line with Consumer Duty regulations, we assess our partners to ensure they offer fair value, are transparent, and cater to the needs of all customers, including vulnerable groups. We continuously review our practices to ensure compliance with these standards.


While we make every effort to ensure the accuracy and currency of our editorial content, users should independently verify information with their chosen product or service provider. This can be done by reviewing the product landing page information and the terms and conditions associated with the product. If you are uncertain whether a product is suitable, we strongly recommend seeking advice from a regulated independent financial advisor before applying for the products.