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Mortgage Advice / Partner Buy Out Advice
Options
danridesbikes
Posts: 3 Newbie
Getting divorced, joint ownership of house since 1999
ammicable 50/50 spilt division of debts and assets
house valued at £118,500
on market at £115,000
Outstanding mortgage of £39,992.20
1x Unsecured Loan @ approx £20,000 which has a settlement figure of £13061.65
partner happy with settlement figure of £25,000 if i want to buy the house, which i do
nmeaning i need mortgage of approx £78k or £73k (offered £5k from parent if helps get mortgage)
- bear in mind im a single low income £14k basic per year applicant - ive been having probs over the last month or two to get a mortgage
whats my options?
ammicable 50/50 spilt division of debts and assets
house valued at £118,500
on market at £115,000
Outstanding mortgage of £39,992.20
1x Unsecured Loan @ approx £20,000 which has a settlement figure of £13061.65
partner happy with settlement figure of £25,000 if i want to buy the house, which i do
nmeaning i need mortgage of approx £78k or £73k (offered £5k from parent if helps get mortgage)
- bear in mind im a single low income £14k basic per year applicant - ive been having probs over the last month or two to get a mortgage
whats my options?
0
Comments
-
On your sole salary - not many options available, if any
Have you thought of a guarantor mortgage?I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Have you thought of a guarantor mortgage?
unfortunatly not an option
what are my options if the house is sold and debts paid, leaving me with a cash pot of about £27,000 as a deposit on somewhere else?0
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