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Does anyone know how a Landlord Concessionary Mortgage works???
nicky2002
Posts: 1 Newbie
Was wondering if anyone knows any further info on the above.
Our landlord has just served notice to us after 10 years renting, he has told us he has no problem in selling to us.
Our problem is we do not have a large deposit to put down and have no family members to ask for a helping hand.
I spoke to a mortgage broker who confirmed the amount of mortgage we could get and said we would be eligible for a landlord concessionary mortgage, when asking what this is, he said you do not need a deposit???!!!
Has anyone ever come accross this before and got the mortgage agreed?
How does this work?
Any help / advise would be most welcome as we have to move fast on this one and havent a clue!! Thanks xx
Our landlord has just served notice to us after 10 years renting, he has told us he has no problem in selling to us.
Our problem is we do not have a large deposit to put down and have no family members to ask for a helping hand.
I spoke to a mortgage broker who confirmed the amount of mortgage we could get and said we would be eligible for a landlord concessionary mortgage, when asking what this is, he said you do not need a deposit???!!!
Has anyone ever come accross this before and got the mortgage agreed?
How does this work?
Any help / advise would be most welcome as we have to move fast on this one and havent a clue!! Thanks xx
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