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Mortgage with elder family member
penfold777
Posts: 13 Forumite
Hi,
I was hoping to include a family member on an interest only mortgage for increased borrowing. I want the mortgage term to be 30 years, but how would this affect the application if the family member retires in 5 or 6 years? My LTV is approx 55%
I was hoping to include a family member on an interest only mortgage for increased borrowing. I want the mortgage term to be 30 years, but how would this affect the application if the family member retires in 5 or 6 years? My LTV is approx 55%
0
Comments
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Does your relative have a sizable secure post retirement income ?0
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Sizeable savings yes, not sure about income though...0
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