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joint mortgage
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bardee777
Posts: 2 Newbie
weve put in to buy my council house we both have the right to buy but im named as tenant (u can no longer be joint tenants ive been told) so the mortgage has to be in joint names only need £25000 but because of my credit score (i have 2 defaults on it ) no one will give us a mortgage yet my partner can get 1 in his own right but cannot buy my house without me named on it is there any way round this ive been here 24yrs and am really upset to lose this house over this help please !
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Comments
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Why will you lose the house? Can you not keep renting until the defaults drop off and your credit score improves?0
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yes we can but its all gone through now its took over 6 months to get this far we knew he could get mortgage but didnt know my name had to b on it were both near retirement age and will not be able to afford the rent once we retire0
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If you won't be able to afford the rent once you retire surely you won't be able to afford all the necessary repairs and maintenance being an owner entails?
What makes you think you won't be able to afford the rent once you both retire? As far as I know there are additional benefits available to those on very low incomes.0
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