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Buying the freehold
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Selling the house isnt an option for me really. Is there a good broker that i could speak to?0
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I passed the credit check of the mortgage, it was just that they didn't think i could repay because of low income but of course i can afford it. Would a guarantor be of aby help? Or even a joint mortgage?
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A guarantor may help if they pass all the tests etc.theshoefairy said:I passed the credit check of the mortgage, it was just that they didn't think i could repay because of low income but of course i can afford it. Would a guarantor be of aby help? Or even a joint mortgage?
Without getting too personal, what is your age and income?0 -
I am 38 and income is 659 per month. I get other things for income too.0
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They said if I worked full time i could have had it. But i can't work ft until my daughter goes to school.0
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OK, yes can see you would struggle to get say a 50k mortgage on £8k a year as over 6x salary. If you have a good guarantor that may work, although it may need more than £50k. Have you got anywhere with the freeholder and what they want to stop it going to auction?0
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No i havent approached them yet. i am waiting for my lease advisory appointment tomorrow before contacting them. What would i offer them? Would i be honest with a sob story? Would they even care that my daughter and i will be evicted in 12 years?0
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Another thing which might be worthy of a mention. Before mother passed... She and her partner of 20 years renovated her partners house, he was living with us until she passed away.... Her name was on thw house so i believe that her half would have passed to me? So that could mean that i have another 50k in equity tied up in another property0
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There is a very slim possibility of that, although it should have become obvious during probate. However, what is more likely is that they were 'joint tenants' in which case upon your mother's death full ownership of the property passed to her partner.theshoefairy said:Another thing which might be worthy of a mention. Before mother passed... She and her partner of 20 years renovated her partners house, he was living with us until she passed away.... Her name was on thw house so i believe that her half would have passed to me? So that could mean that i have another 50k in equity tied up in another property0 -
No i think she had it done right which was tenants in common.0
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