Hasslehoff
Registered User
- Messages
- 107
Hi
I have an issue , my parents , are OAP but FTB as they inherited they live in a home provided by a trust. So they never have purchased a property despite being both over 72 and there could be a problem with the trust but thats another issue.
I am wondering if a bank woud provide them with a mortage to buy a property at this stage , i know this would be unlikely but i am wondering if some of the family who are reasonable well off could go guarantor on such an arrangment.
My thinking is that the could aquire a property , no stamp duty and receive FTB grant , if they defaulted on the mortgage the guarantor steps in - feedback would be appreciated
I have an issue , my parents , are OAP but FTB as they inherited they live in a home provided by a trust. So they never have purchased a property despite being both over 72 and there could be a problem with the trust but thats another issue.
I am wondering if a bank woud provide them with a mortage to buy a property at this stage , i know this would be unlikely but i am wondering if some of the family who are reasonable well off could go guarantor on such an arrangment.
My thinking is that the could aquire a property , no stamp duty and receive FTB grant , if they defaulted on the mortgage the guarantor steps in - feedback would be appreciated