{"id":138963,"date":"2023-08-28T13:00:29","date_gmt":"2023-08-28T06:00:29","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-have-a-joint-mortgage-and-want-to-pay-up-early-what-are-the-implications\/"},"modified":"2023-08-28T13:08:37","modified_gmt":"2023-08-28T06:08:37","slug":"i-have-a-joint-mortgage-and-want-to-pay-up-early-what-are-the-implications","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-have-a-joint-mortgage-and-want-to-pay-up-early-what-are-the-implications\/","title":{"rendered":"I have a joint mortgage and want to pay up early. What are the implications?"},"content":{"rendered":"


\nI have recently inherited money and would like to pay off my share on the flat I own with a friend to avoid soaring interest ratesQ I own a flat with my friend as tenants in common. We have a deed of trust and each own exactly half the flat. Our mortgage eventually will be paid off in five to seven years.The interest rate is high and I worry that at the end of our two-year fixed term it will be even higher. I have come into some inheritance money and want to pay off my share of the mortgage. Continue reading…
\n
\nSource : theguardian.com
\nRead more…I have a joint mortgage and want to pay up early. What are the implications?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I have recently inherited money and would like to pay off my share on the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-138963","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-A9l","jetpack-related-posts":[{"id":121604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-are-the-tax-and-mortgage-implications-if-i-buy-a-flat-with-my-son\/","url_meta":{"origin":138963,"position":0},"title":"What are the tax and mortgage implications if I buy a flat with my son?","date":"August 23, 2021","format":false,"excerpt":"\r I would pay a \u00a3100,000 deposit and want to own two-fifths and leave my share to him in my willQ My 30-year-old son is paying so much in rent that he is struggling to save a big enough deposit to buy his first flat. I have some spare cash\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73005,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-my-son-get-first-time-buyer-stamp-duty-relief-if-we-get-a-joint-mortgage\/","url_meta":{"origin":138963,"position":1},"title":"Will my son get first-time buyer stamp duty relief if we get a joint mortgage?","date":"November 27, 2017","format":false,"excerpt":"\r We don\u2019t know how two buyers of different status affect the applicationQ I own the house I live in and want to help my son buy a flat. If we get a joint mortgage, what rate of stamp duty will apply given that he doesn\u2019t currently have a property?\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112018,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/weekly-mortgage-demand-is-flat-as-interest-rates-hit-the-highest-level-in-3-months\/","url_meta":{"origin":138963,"position":2},"title":"Weekly mortgage demand is flat as interest rates hit the highest level in 3 months","date":"October 30, 2019","format":false,"excerpt":"\r Higher mortgage rates give homeowners little incentive to refinance their home loans\r \r Source : cnbc.com\r Read more...Weekly mortgage demand is flat as interest rates hit the highest level in 3 months","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137477,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/weekly-mortgage-demand-was-flat-even-as-interest-rates-drop-for-the-third-straight-week\/","url_meta":{"origin":138963,"position":3},"title":"Weekly mortgage demand was flat, even as interest rates drop for the third straight week","date":"June 21, 2023","format":false,"excerpt":"\r The average rate on the most popular mortgage, the 30-year fixed, fell for the third straight week\r \r Source : cnbc.com\r Read more...Weekly mortgage demand was flat, even as interest rates drop for the third straight week","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/if-we-buy-a-flat-for-our-son-in-my-wifes-name-would-she-be-deemed-a-first-time-buyer\/","url_meta":{"origin":138963,"position":4},"title":"If we buy a flat for our son in my wife\u2019s name would she be deemed a first-time buyer?","date":"September 19, 2022","format":false,"excerpt":"\r I have two houses in my name, so wonder whether including me on a joint mortgage affects stamp dutyQ As our son will go to university next year, we are considering buying a flat or property in the city where the university is for him to live in. 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