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Solicitors saying 11k Stamp Duty... Help.

Comments

davidmcn Posts: 23,596 Forumite

5 April 2019 at 8:22AM

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.

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latte19 Posts: 62 Forumite

5 April 2019 at 11:06PM

Ok well an affordability check and a contact then? It was a long time ago I used a guarantor for a mortgage.

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Thrugelmir Posts: 89,546 Forumite

5 April 2019 at 11:17PM

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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