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Can any one help?!?!?!
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busterizzy
Posts: 2 Newbie
I'm getting a let to buy mortgage with the RBS. They are lending 90% for the new house so it is a do-able. They will only do that if the rental covers the mortgage. One thing that’s saved us is having our original mortgage with Northern rock. We had a together mortgage 3yrs ago that is part unsecured. This (apparently) drops your mortgage as you don't have to include the unsecured loan part of the monthly payment (well so I have been told).
On that note tho I have also been told the unsecured part of the loan is un enforceable and I won't have to pay it?!?!? I am only interested as it is £19,000 in our case. Has anyone had any experience of this?
I would like to know as we are putting an offer in on the house today and have an offer in principle and don't want the offer rejecting if we do get the house.
Any help would be appreciated.
xxx
On that note tho I have also been told the unsecured part of the loan is un enforceable and I won't have to pay it?!?!? I am only interested as it is £19,000 in our case. Has anyone had any experience of this?
I would like to know as we are putting an offer in on the house today and have an offer in principle and don't want the offer rejecting if we do get the house.
Any help would be appreciated.
xxx
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