diso schemes

psychosomatic_gardener

hi new boy on the block brought a house 13 years ago on the northcote diso (do it your self ownership we on 50% my current income per annum £20.000 my wifes £8.000 what we want to know is the house has gone up from £65.000 then to £230.000 now could we get a mortgage to buy the rest of the property as if we sell we have to offer it to northcote first and they pay £5.000 under the normal market value :eek:

payless

depends on whether you originally had a deposit, how much paid off and any deposit now. ( are those your current salaries?)

If looking at say original £32.5 K plus new £115K = £147.5 K

even with no other commitments thats 7+1 or 5.25x jt on the multiplers
which is above what you would normally expect to be attainable, whether a " affordability based " lender might look at - would depend on credit score - but even then looks over the top- anyway could you really afford it!

can't you part a smaller topup share ?