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Solicitors saying 11k Stamp Duty... Help.

13»

Comments

  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    latte19 wrote: »
    Even at that though, usually a simple letter from a guarantor is enough, not to this extreme.
    A "simple letter" is hardly going to be sufficient to work as a guarantee for a mortgage.
  • latte19
    latte19 Posts: 62 Forumite
    10 Posts First Anniversary
    Ok well an affordability check and a contact then? It was a long time ago I used a guarantor for a mortgage.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    latte19 wrote: »
    Why would she need to be joined on to the mortgage in the first place? She can help you out when needed but does the bank need to know this? If the bank is willing to lend without her input then why not just do that?

    That's the product that's on offer. The second borrower will also reside in the property. Which adds futher complications.
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