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Bad credit
clairewebb_2
Posts: 3 Newbie
Hi, my mother in law has recently passed away and left her house to my partner & his sister. We want to buy his sister out but have bad credit. We have 50% equity & around £25k deposit towards the mortgage. What are the chances of getting accepted?
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Comments
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It'll depend on your credit history, income and mortgage required, amongst other things.1
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@clairewebb_2 At less than 50% LTV, on its own your credit history would have to be spectacularly poor to stop you from getting a mortgage. Of course, as the poster above mention, the non credit-history related parts also need to stack up.clairewebb_2 said:Hi, my mother in law has recently passed away and left her house to my partner & his sister. We want to buy his sister out but have bad credit. We have 50% equity & around £25k deposit towards the mortgage. What are the chances of getting accepted?
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