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How about this for complicated!!
birmanza
Posts: 32 Forumite
I posted earlier about my 1/4 share in house that my parents have inherited. (thanks for the replies!) this is the full story and not sure at all if it is all possible... we bought our council property last year and cannot sell it without having to repay our council discount until Feb 2008 (As the property now has around £55000 equity we dont want to lose £18000 by selling early). We want to buy the property that my father and his sister have inherited. Can we rent out this house , get a let to buy motgage using the 1/4 that my parent have said I can have as the deposit, pay my aunt and my parents their share and buy the house?? Also it would be a self cert mortgage, would any mortgage company touch us with so many unusual demands, and would we end up paying huge interest rates?
Also can we do it between ourselves without estate agents? How would the fairest way of getting a true valuation be done?
thanks in advance
Angela
just re read it and it doesnt sound clear to me!!
we want to let out the house we are living in now
get a let to buy mortgage using the 1/4 share we have in the house as deposit.
Also can we do it between ourselves without estate agents? How would the fairest way of getting a true valuation be done?
thanks in advance
Angela
just re read it and it doesnt sound clear to me!!
we want to let out the house we are living in now
get a let to buy mortgage using the 1/4 share we have in the house as deposit.
0
Comments
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don't like to make things easy do you :rotfl:
May be worth reposting on the mortgages section0
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