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Is my broker acting in my best interest?

jen_br · 2012-07-03 21:33:29

Hi, We are looking to take a mortgage out -- FTB Here is our situation Me- not form this country and SE so im not going on the mortgage my Partner and oru BIL Now, my BIL and MIL are going to go on the mortgage BIL earns 22k a year my husband can't go on due to some negative credit which makes his score too low. So MIL is…

Comments

Wh05apk Posts: 2,938 Forumite

4 July 2012 at 9:53AM

Just done a similar deal to this, as has been said, this is a regulated BTL, The mortgage works will allow this, although they insist a formal tenancy agreement is in place.

With regards insurance, again the BTL landlords insurer also insisted a tenancy agreement was in place.

I am a mortgage adviser.

You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.

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