Partial property purchase

[Polly1104]

I financed a 12.5% share in my mums flat a few years back covered by a deed of trust. It is now worth around �20,000. I wondered if anyone knows who would be interested in purchasing this from me, I have tried my family but they are not interested.Thanks.

[lollyangeley]

Hi polly. I have been a mortgage adviser for 20 + years and have yet to come across someone who will buy out a deed of trust. These are usually done by a family member, for a family member and therefore not of interest to outside parties. Have you asked your mum, if she can increase her mortgage now to 'buy you out'. otherwise I am afraid you will not be able to access your money until your mum sells the property as this is when the deed of trust will become payable.

[Polly1104]

Thanks for your answer lollyangeley, unfortunately it looks like that is my only solution, it was worth asking though.