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First Time Buyer Help (Buying From Family)
JKH_2
Posts: 1 Newbie
Hi there.
I'm looking for some advice/help/guidance regarding the following scenario:
My partner and I currently rent a house from her father. He is looking to sell, and is happy to provide us with a deposit also. He's not out to make a profit on the house. I'm coming into this relatively cold - I've done some research but would love some second opinions on the next best course of action. I've been reading about Help-to-Buy ISAs, concessionary purchases etc - is any of this relevant? Do I need/should I speak with a broker?
Any thoughts would be very much appreciated.
I'm looking for some advice/help/guidance regarding the following scenario:
My partner and I currently rent a house from her father. He is looking to sell, and is happy to provide us with a deposit also. He's not out to make a profit on the house. I'm coming into this relatively cold - I've done some research but would love some second opinions on the next best course of action. I've been reading about Help-to-Buy ISAs, concessionary purchases etc - is any of this relevant? Do I need/should I speak with a broker?
Any thoughts would be very much appreciated.
0
Comments
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This is a gifted equity/concessionary purchase.
A broker would be a good starting point as many lenders don't accept such cases.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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