Mortgage Help

neverletitgetyoudown

hi all

i am a discharged BR as of last july and just moved in with partner and on sat the landlord advised us he is selling the prop and gave us 2 months notice!!!!,

Since then we have found out my partners dad is willing to go guarantor for her on a mortgage and has a deposit saved for her

we can afford payments etc

any one got any help/Advice on this

P.S i know i got no chance of getting a mortgage
:money:

Thrugelmir

Few companies accept guarantors. As its far more complex than merely underwriting the debt.

Could you partner fund the purchase of any property on her salary alone (aided by her fathers deposit).

neverletitgetyoudown

Thrugelmir wrote: »

Few companies accept guarantors. As its far more complex than merely underwriting the debt.

Could you partner fund the purchase of any property on her salary alone (aided by her fathers deposit).

no due to working part time due to child care here salary just isnt high enough but can afford it per month etc

Meeper

There are, in fact, a number of companies who accept guarantors. You should see an independent mortgage adviser who will be able to search for guarantor mortgages specifically and filter out appropriate products for consideration.

Burridge60

It is going to be quite hard as a number of Guarantor lenders have given up this market or have restricted it to those occupations expected to benefit from a known salary increase path (mostly graduates entering the professions on entry level salaries where this is expected to rise rapidly).

Father must be able to afford his own mortgage (living costs) as well as your mortgage costs for this to work and often the deposit must be 20% or more. Guarantor's age might restrict your mortgage term making it more expensive each month than your budget can afford.