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don't think i can get a mortgage :( help!
Pepper07
Posts: 50 Forumite
hi
well i was hoping that somebody could help me with my complex situation but i'm not sure there's a solution but here goes:
i am tied into a mortgage that i got when i was younger which is my mum and dads house and i am on the mortgage with my dad - i don't pay anything towards the mortgage and at the time this was okay because i knew that i wouldn't be buying a house for a long time,then i met my hubby unexpectedly and now we want to buy a house together
but my mum and dad haven't got enough income to swap the mortgage over into their names as yet and so i don't think i'll be able to get a mortgage....is there any solutions to problem...:(
thanks for taking time to read this
well i was hoping that somebody could help me with my complex situation but i'm not sure there's a solution but here goes:
i am tied into a mortgage that i got when i was younger which is my mum and dads house and i am on the mortgage with my dad - i don't pay anything towards the mortgage and at the time this was okay because i knew that i wouldn't be buying a house for a long time,then i met my hubby unexpectedly and now we want to buy a house together
but my mum and dad haven't got enough income to swap the mortgage over into their names as yet and so i don't think i'll be able to get a mortgage....is there any solutions to problem...:(thanks for taking time to read this
0
Comments
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Are there any solutions?
Not really. Given what you've said so far.
But there may be ways to accelerate a solution, which would basically revolve around getting your parents into a position where they can refinance themselves. How far away are they from that?0 -
no they are no where near in a position to swap it over i think i am stuck 0
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You'll have to earn more then if you parents can't.
How about taking on a 2nd job for a year or so to get a bigger deposit?0 -
Does your hubby earn enough to take a mortgage out under his own name? That or the bigger deposit is the only real solution.. 0
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what is your hubby's position - income, debt. mortgage
how much is parents mortgage
what is your annual income
what is parents annual incomeDebt free 4th April 2007.
New house. Bigger mortgage. MFWB after I have my buffer cash in place.0
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