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  • FIRST POST
    • Thomaswright92
    • By Thomaswright92 13th Feb 18, 10:15 AM
    • 2Posts
    • 0Thanks
    Thomaswright92
    Please can someone help me
    • #1
    • 13th Feb 18, 10:15 AM
    Please can someone help me 13th Feb 18 at 10:15 AM
    My grandmother is 73 years of age and she has had debt problems in the past. Resulting from this she is only been paying the interest in the mortgage for a number of years now. Her mortgage has been passed to Kensington Mortgages. She is paying £500 a month for a one bedroom flat in Liverpool. Personally I think this amount is extremely high but she has asked me to go on to her mortgage she is now seeking mortgage advice from a company called Mortgage Solutions. I am willing to go in to her mortgage. I give her £200 a month to help her out with the monthly payments. But my credit score is 435 which isnít that good. I am a 26 year old and I have a yearly salary of £16.000. Please could somebody give me some advice. Many thanks.

    Thomas wright
Page 1
    • Caz3121
    • By Caz3121 13th Feb 18, 10:23 AM
    • 11,185 Posts
    • 7,340 Thanks
    Caz3121
    • #2
    • 13th Feb 18, 10:23 AM
    • #2
    • 13th Feb 18, 10:23 AM
    if you are looking to take a joint mortgage with her it will likely be over a very short term due to her age
    How much is due on the mortgage? what is the current value of the property?
    • getmore4less
    • By getmore4less 13th Feb 18, 11:27 AM
    • 32,035 Posts
    • 19,223 Thanks
    getmore4less
    • #3
    • 13th Feb 18, 11:27 AM
    • #3
    • 13th Feb 18, 11:27 AM
    Get the full details of the mortgage.
    • Thomaswright92
    • By Thomaswright92 13th Feb 18, 12:23 PM
    • 2 Posts
    • 0 Thanks
    Thomaswright92
    • #4
    • 13th Feb 18, 12:23 PM
    • #4
    • 13th Feb 18, 12:23 PM
    The current value of the property is £98.000 and the cost that needs to be paid iis at £42.000
    • getmore4less
    • By getmore4less 13th Feb 18, 3:07 PM
    • 32,035 Posts
    • 19,223 Thanks
    getmore4less
    • #5
    • 13th Feb 18, 3:07 PM
    • #5
    • 13th Feb 18, 3:07 PM
    FULL details

    amount owing
    full term
    rate
    term of rate if different to full term
    rate after the above.
    payment
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