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inherited property can i buy my brother out
stuckinarutx6
Posts: 6 Forumite
hi all myself and my brother have inherited our mums house
and i would like to buy him out
house value £184.950
my credit rating good/score 922 (experian)
self employed
turnover aprrox £17000 last year
my brother wants £80000 from the house
not sure where to turn or who to ask
thanks in advance
and i would like to buy him out
house value £184.950
my credit rating good/score 922 (experian)
self employed
turnover aprrox £17000 last year
my brother wants £80000 from the house
not sure where to turn or who to ask
thanks in advance
0
Comments
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On 17k I think it maybe to much unless you have a partners income to stick in. Is you net a lot lower as a lender will not look at turnover, or do you draw a salary?"Banking establishments are more dangerous than standing armies." Thomas Jefferson
"How can I believe in God when just last week I got my tongue caught in the roller of an electric typewriter?" Woody Allen
Debt Apr 2010 £00 -
hi thanks for getting back to me
i take a small salary of £8000
i spoke to finacial advisor and was told that i could also take into account my working tax credits
and my wifes child tax credits not sure if this is fact but they total £350 per week0 -
forgot to say that is ontop of my salary0
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Some lenders will, although I think some may worry as they are higher than your earnings. I do think you could get this but I would also think before you buy.
You know what you can afford, but £80000 is 10x your salary, if the tories get in and hald you benefits you will be stuck."Banking establishments are more dangerous than standing armies." Thomas Jefferson
"How can I believe in God when just last week I got my tongue caught in the roller of an electric typewriter?" Woody Allen
Debt Apr 2010 £00
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