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
Adverse mortgage also inter family/concessionary sale?
Eviesmummy
Posts: 167 Forumite
My Mum is considering selling a house to my brother, but he has a fairly recent CCJ, last year I think (long story, his girlfriends fault not his, but its on his record). He doesn't have a deposit but Mum would be happy to let him have it at below market value to use the equity as his deposit. But having done something similar recently I know that there are limited lenders for this inter family type sale, will any of them handle a case like this with a CCJ?
0
Comments
-
I would doubt he would get anything with a CCJ in the last year.I am a Financial Adviser specialising in Mortgages, Protection, Health and Medical Insurance. I also write wills. All information posted on this site is for discussion only, and should not be taken as advice.0
-
What sort of time scale is likely to be more acceptable?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards