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Mortgage Help
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james_Roberts wrote: »The wife has been turned down as she has one or two CCJ's as was late once paying the mortgage.
Starting to smell of trolling..........0 -
They own a 50% share in the flat they currently live in, mortgage is currently £50k, they hope to sell that for £150k.
The new house is £249,000.
Current combined income is £54,000, Have a deposit of £20,000 but have debts between them of £39,000.
The wife was refused to increase the mortgage as she has a CCJ as was late paying the mortgage once.
My brother therefore wants to try and get a mortgage off the High Street and wanted me to help him out as desperately wants to move.0 -
They are selling their share for £150k, or the whole flat (100%) is worth £150k?
They have a buyer?
Is the £20k deposit on top of their equity in the property? If not where's the equity going and where's the £20k coming from?
A CCJ? Are you sure? Mortgage arrears aren't normally concluded with a CCJ and certainly not for one payment?
Please ask them to take this to a broker. This is not getting any clearer and however these questions are answered, the final suggestion will still be the same, they need a broker!I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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