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Remortgage fully paid for property
Maley
Posts: 7 Forumite
Hi All,
My Father has transferred me a property worth around 70k. I would like to release money to use for a deposit.
Currently my Father resides in this property and I see no monthly income. What would be the best mortgage to use and also would I have to get a buy-to-let mortgage?
Cheers
My Father has transferred me a property worth around 70k. I would like to release money to use for a deposit.
Currently my Father resides in this property and I see no monthly income. What would be the best mortgage to use and also would I have to get a buy-to-let mortgage?
Cheers
0
Comments
-
A buy to let mortgage is not suitable - as the property is not let.
How much do you want to release ?
Do you currently live in the property with your Father ?
Are you employed/earn an income ?
H0
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