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Do we count as first time buyers
misa.blue
Posts: 921 Forumite
I have a my name on a mortgage together with my ex-wife (value about $72000). I take no financial responsibility for it, my ex is unable to afford to get my name off the deeds so it just carries on. I have a 14 year old daughter who lives there. Idea is when she is out of education the house is sold (hopefully) and I get my share.
I am now remarried and we want to get out of rented accomodation. We earn just over £46000 between us, I have a loan of £8000 which I am paying off as quickly as I can but can't make top up payments, only my standard monthly or balance in full. We have savings of nearly £7,000, what are the chances of us getting a £90,000 mortgage when we get to savings of £10,000.
Thanks
I am now remarried and we want to get out of rented accomodation. We earn just over £46000 between us, I have a loan of £8000 which I am paying off as quickly as I can but can't make top up payments, only my standard monthly or balance in full. We have savings of nearly £7,000, what are the chances of us getting a £90,000 mortgage when we get to savings of £10,000.
Thanks
Best wins ever:
2012: Holiday to LA for 2 adults +2 kids for 4 days
2013: £2 000 Virgin Holiday Voucher!
2014: $1000 spending money for hols
2015: 8 night holiday to Thailand
2012: Holiday to LA for 2 adults +2 kids for 4 days
2013: £2 000 Virgin Holiday Voucher!
2014: $1000 spending money for hols
2015: 8 night holiday to Thailand
0
Comments
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If your name is on a mortgage, then you are not a first time buyer.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
OK, so what sort of mortgage could we get?Best wins ever:
2012: Holiday to LA for 2 adults +2 kids for 4 days
2013: £2 000 Virgin Holiday Voucher!
2014: $1000 spending money for hols
2015: 8 night holiday to Thailand0 -
You have a few options.
1. Go solo
2. Go for another joint with your current wife
3. Get a mortgage on your current wife's name only [might be the best or only option]
Have you spoken to any of the lenders ?Nothing is more damaging to the adventurous spirit within a man than a secure future. - Alex Supertramp0
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