Hi there,
We are a couple looking to apply for a mortgage we have been saving regularly towards a deposit etc .
A few years ago my girlfriend, in an attempt to assist her brother and wife to get a mortgage, put her name down on a joint mortgage with them. To date she has not paid anything on this mortgage and I believe that the health of that mortgage is OK (no missed payments etc) although I would guess that the property is in negative equity.
We recently applied for an ICB credit report for my girlfriend and this report makes no reference to this mortgage.
In an attempt to get some clarity we have asked the couple for all documents related to the mortgage. I had a quick look over it, to be honest I don't really know what I am looking at, but one thing I noticed was that I could find only find one form where my girlfriend's name was written and this was in pen below their two names in print but nothing else. I could not find any signature, however, I cant guarantee we have all the documents related to the mortgage.
So I am wondering where we stand as regards this? Is the fact that her ICB report is clear mean that we are OK to apply for a mortgage? Or could this come back to bite us if we do get a mortgage? Does anyone have any advise for what we could do? I know this is quite a specific problem so maybe we should speak to a financial advisor. Would anyone have a recommendation for a good advisor in the Dublin area ? I know there are tons but just looking for some personal recommendations.
Thanks in advance.
We are a couple looking to apply for a mortgage we have been saving regularly towards a deposit etc .
A few years ago my girlfriend, in an attempt to assist her brother and wife to get a mortgage, put her name down on a joint mortgage with them. To date she has not paid anything on this mortgage and I believe that the health of that mortgage is OK (no missed payments etc) although I would guess that the property is in negative equity.
We recently applied for an ICB credit report for my girlfriend and this report makes no reference to this mortgage.
In an attempt to get some clarity we have asked the couple for all documents related to the mortgage. I had a quick look over it, to be honest I don't really know what I am looking at, but one thing I noticed was that I could find only find one form where my girlfriend's name was written and this was in pen below their two names in print but nothing else. I could not find any signature, however, I cant guarantee we have all the documents related to the mortgage.
So I am wondering where we stand as regards this? Is the fact that her ICB report is clear mean that we are OK to apply for a mortgage? Or could this come back to bite us if we do get a mortgage? Does anyone have any advise for what we could do? I know this is quite a specific problem so maybe we should speak to a financial advisor. Would anyone have a recommendation for a good advisor in the Dublin area ? I know there are tons but just looking for some personal recommendations.
Thanks in advance.