We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Put a foreigner in a mortgage?
jamaica2506
Posts: 2 Newbie
I have been declined from 2 lenders because it seems that my income is not enough to have 21k.
I was wondering if it will be possible to make a join claim with my father (that lives and is resident in italy) to up a bit the income.
Any experience?
I was wondering if it will be possible to make a join claim with my father (that lives and is resident in italy) to up a bit the income.
Any experience?
0
Comments
-
Won't be acceptable to a lender.
Keep saving so that you can put a bigger deposit down.0 -
This is the situation:
house price 30.000
mortgage i required 21.000
Do you think that if for example i ask to have just 15.000 or so(and put 15k deposit), something will change?0 -
What is your income?
No chance of adding your dad.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0 -
Others will confirm, but I think many lenders have a minimum level which they will lend, so it may be that if you are applying for a mortgage of £15K, the amount is too low to fit their criteria.0
-
True with some lenders but not everyone.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0
-
jamaica2506 wrote: »This is the situation:
house price 30.000
mortgage i required 21.000
Do you think that if for example i ask to have just 15.000 or so(and put 15k deposit), something will change?
so where will the extra £6000 come from to buy this £30000 property?"You were only supposed to blow the bl**dy doors off!!"0 -
Should the question not be, where is this property for £30k?--- Fat club weight loss -- Started 10th April 2015
Update: 28.4.15 - 8lbs0 -
You do not need your Father on the mortgage. This case can likely be done in your name.
Speak to a good broker (not a call centre type company).0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards