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Precise mortgage offer

Super_Star · 2017-03-08 22:01:27

Hi, We have a BTL mortgage offer from Precise for 175k. My brother would like to buy my property which we let out. Due to this I would:-* My mortgage offer to be reduced to 110k * I was previously on 5 yars fixed term. This to be reduced to 2 years fixed term. Interest is lower but abit high product fee. This has now been…

Comments

David_White Posts: 892 Forumite

14 March 2017 at 9:12AM

If you're applying in joint names with your Wife then sister-in-law is fine, if it's just in your name you're going to open a can of worms.

You really need to either get advice from your Broker or if you've attempted to do this alone then I'd suggest re-thinking that strategy.

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.

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