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first time buyer with CCJ, lots of equity in property, mortgage offer in Aug'21 but no further on
Comments
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It may if that is the intention as it would be a problem for the bulk of the lending market and may explain the delay if the broker is stalling after a decline.mawk86 said:
This has absolutely nothing to do with my original post!Thrugelmir said:
Where is he intending to reside, in the property?mawk86 said:Thrugelmir said:
No it is his only property
Sale of second property?mawk86 said:
Family helping family!Thrugelmir said:Why the discounted value? Hopefully not an attempt to avoid CGT.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 -
Sorry, not sure what you mean?kingstreet said:
It may if that is the intention as it would be a problem for the bulk of the lending market and may explain the delay if the broker is stalling after a decline.mawk86 said:
This has absolutely nothing to do with my original post!Thrugelmir said:
Where is he intending to reside, in the property?mawk86 said:Thrugelmir said:
No it is his only property
Sale of second property?mawk86 said:
Family helping family!Thrugelmir said:Why the discounted value? Hopefully not an attempt to avoid CGT.
He has moved in with another family member, so will not be living with us. He is selling to us for cheaper than market value as he doesn't want to make a profit from us he just wants back what he paid for it when he bought it 12 years ago.0 -
If he was going to continue to reside in the property, it would be a problem for most lenders.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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