New overtures to buying problems
Can Your Parents Help?
Can they —
— lend you a deposit?
— share the mortgage? If they have a small or no mortgage they may be able to become a party to your mortgage. This means they become joint owners with you.
— be guarantors?
Some lenders may allow you to borrow a higher amount when you have your parents as guarantors — this simply means that they commit to pay your monthly mortgage repayments if you cannot.
Your parents will be screened and credit vetted by the lender.
Let us look at your own situation
- I own and am planning to move home — click here
- I am staying put but need review my mortgage — click here
- I have financial problems and need advice — click here
- I am retired and would like cash from my house — click here
- Why should I take advice — click here
