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mortgage advice

cinek
cinek Posts: 87 Forumite
Seventh Anniversary Combo Breaker
in Mortgages & endowments
I currently live at home and have a mortgage taken out with my mum. I now want to move out of the house and buy my own flat. How likely am I to get a mortgage for the flat without my mum having to remortgage the house on her own?

Thanks in advance

Comments

  • ACG
    ACG Posts: 24,744 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    How much is your income?
    How much is your current mortgage?
    How much do you want a new mortgage for?
    I am a Mortgage Adviser
    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.
  • cinek
    cinek Posts: 87 Forumite
    Seventh Anniversary Combo Breaker
    £40k
    roughly £1100 p/m
    25+ years
  • ACG
    ACG Posts: 24,744 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    How much is the balance of your current mortgage?
    How much do you want to borrow (as in £ not the term).
    I am a Mortgage Adviser
    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.
  • cinek
    cinek Posts: 87 Forumite
    Seventh Anniversary Combo Breaker
    £200k
    about £230k
  • ACG
    ACG Posts: 24,744 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    There is one lender who I have come across who may consider it assuming you can evidence you have paid nothing towards the mortgage.

    Its probably worth speaking to a broker, there could be an option or 2. Personally I think your options are a little on the slim side though.
    I am a Mortgage Adviser
    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.
This discussion has been closed.
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