We are currently buying a property with my mother in law, we are both selling our properties and with the sale of these will able to buy the new property out write. The new property is four joined cottages which we intend to split 50/50 but the title deeds read as one property. I would like to raise a mortgage on my 50% share for improvements and to pay some money to my mother in law, as she will be originally putting in a greater share. My question is, can we split the deeds into two? As currently we are struggling to get a mortgage from a lender on our share as the deed will be be in joint ownership.
Any help will be be appreciated