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Remortgaging to pay back parents
BudgetTheHelicopter
Posts: 1 Newbie
So, my girlfriend'a parents have kindly given her a hefty deposit towards a house, enough so that she can get a mortgage with the income that she has.
However, since buying it the implication has been that my girlfriend and I should remortgage eventually. This would be great, as then we can jointly own the property. However, my dilemma is when to do it. I would really like to settle into the area first and I don't actually have a job yet as I am doing my Masters. I am hoping it all works out but at the moment I'm feeling very pressured by my girlfriend in particular to commit to remortgage the property as soon as I get a job.
I am worried in case the area isn't for me and I don't want to rush into it and get a bad rate on a mortgage simply because we are desperate. Am I right to be concerned?
However, since buying it the implication has been that my girlfriend and I should remortgage eventually. This would be great, as then we can jointly own the property. However, my dilemma is when to do it. I would really like to settle into the area first and I don't actually have a job yet as I am doing my Masters. I am hoping it all works out but at the moment I'm feeling very pressured by my girlfriend in particular to commit to remortgage the property as soon as I get a job.
I am worried in case the area isn't for me and I don't want to rush into it and get a bad rate on a mortgage simply because we are desperate. Am I right to be concerned?
0
Comments
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Do the lenders know it was a loan?
Does the GF know you are just testing the water?0 -
BudgetTheHelicopter wrote: ». Am I right to be concerned?
About the area, or about being beholden to the in laws and your girlfriend not being happy with it?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
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