mortgage option with redundancy

lucybox

Hello MSE forum. I'm a first time buyer and a first time poster, so apologies if because of that I post anything incorrectly.

I'm trying to buy my first house. I recently applied for a mortgage with Nationwide. A week later I have been made redundant. Quite the timing.

My vendor has found a chain free house so we need to move fairly quickly. I'd hate to lose this house so am trying to think of solutions.

I'm very lucky as my parents may be able to lend me the amount my mortgage would be. What options would I have to pay them back (aside from just paying them back monthly). For example, In 6 months time could I release their money from the property and get a mortgage when I'm settled in a new job? My mortgage is about 50% of the value of the house if that makes a difference.

Thank you so much for any help you can give or people you could direct me to.

dimbo61

Not sure that this is not a joke.
You need a job to get a mortgage and deposit and money for other costs.
IF the bank of Mum and Dad have the funds to buy you a property all well and good.
Mr and Mrs Blair by any chance ?

getmore4less

I would not be buying a house until I knew where I was working.