We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
what type of mortgage do i need?
desperado1_2
Posts: 57 Forumite
I am looking to buy my sister out of her share of an inherited property that has no mortgage.
I am looking to borrow £100k against the property which is valued at £185k.
What type of mortgae do i go for ie first time buyer (have never had a mortgae before), rermortgage or capital raising.
Halifax have offered me a mortgage but not sure what type it is
Thanks
I am looking to borrow £100k against the property which is valued at £185k.
What type of mortgae do i go for ie first time buyer (have never had a mortgae before), rermortgage or capital raising.
Halifax have offered me a mortgage but not sure what type it is
Thanks
0
Comments
-
You are capital raising.
You could ask the Halifax what they think.Halifax have offered me a mortgage but not sure what type it is0 -
We have a major problem
The house is valued at £185k and borrowing £100k.
The solicitor will not sign off as the offer quotes a purchase price of £185k and not £100k
He has contacted the Halifax several times regarding this, Halifax say they are correct. We are in a stalemate. What can we do?0 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.6K Banking & Borrowing
- 254.8K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.2K Work, Benefits & Business
- 605.7K Mortgages, Homes & Bills
- 179K Life & Family
- 263.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards