We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage Advice Please
Options
LULULU1
Posts: 462 Forumite
I currently have a 80k mortgage and live in a property valued at approx 160k. What I would like to do is to buy another property jointly with my step-son for him to live in to get him started on the property ladder.
If possible I am looking to purchase a property approx 130-140k. I would raise 10k-20k against my mortgage and my son has 10k savings.
My question is would anybody allow me to have a joint mortgage with my step-son or would this be classed as a buy to let.
Also how would I proceed with this.
Many thanks
If possible I am looking to purchase a property approx 130-140k. I would raise 10k-20k against my mortgage and my son has 10k savings.
My question is would anybody allow me to have a joint mortgage with my step-son or would this be classed as a buy to let.
Also how would I proceed with this.
Many thanks
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards