Bank of mum and dad joint ownership
We would like to help our daughter buy her first house by injecting a significant cash sum. She would take out a mortgage in her own name for the balance. In order to protect our investment, we would like to be named as joint owners on the property title deeds. However, we understand that many lenders will not not permit another party besides themselves to have an interest in a property on which they are lending. Is this true? If so are there any lenders who will permit this, and if so which ones?
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