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Remortgage of a property that has been transferred to new owners

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Mspolite | 18:50 Tue 15th Dec 2009 | Property
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My parents have transferred the title of their property to my sister for no consideration. My sister would like to take out a mortgage on this property. Can anyone tell me if she can take out a mortgage straight away or does she have to wait for a period of time before she can apply for a mortgage.
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Avatar Image Richard1966
As long as se can show legal ownership, there should be no reason why she could not apply immediately. Obviously the standard credit checks will take place.
19:29 Tue 15th Dec 2009

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