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Mortgage Confusion
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Clothkitty
Posts: 8 Forumite
I am looking at a shared ownership house and need a small mortgage of approx. £22k. Potential down side is that I am in temporary employment, albeit on a long term basis. I need to know if a) I am likely to get a mortgage 
who lends on shared ownership properties? NB parents are in their late 70's would they be considered as guarantors?
who lends on shared ownership properties? NB parents are in their late 70's would they be considered as guarantors? 0
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All depends on the details of the case, such as your work history, income, outgoings, the loan to value, if it's newbuild etc.
Parents as guarantors? No. They would be unable to guarantee the payments for the whole term.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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