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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?
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Comments
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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
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What sort of time scale is likely to be more acceptable?0
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