If we are joint owners of a property, is it possible that one person can get a loan using the house as collateral, without the other property owner's consent? Is there a way to guard against this happening?
Amy, I think you need to check with a lawyer, rather than take advice from an open forum such as this. Or maybe your bank manager?
Errr. No you can't and no it doesn't matter because it can't happen. It can't even happen in UK where debt is acceptable.
No he can't but they can take the house as dept if he does not pay a loan as he has a half share