Hi,
I don't hold out much hope here but my sister and I would like to buy a house together. She is a FTB earning 21k and I am not working at the moment.
I am recently separated and waiting for solicitors to hammer out a deal or else wait until 2008 for settlement to be decided by courts. The mininum I expect to get from settlement is 250k, that's the very bottom line.
So, my father who has assets worth apprx. 700k and no debts/mortgage, never had a mortgage is willing to back the house purchase by either going guarentor or buying the house himself.
The house value would be around 350k!
What kind of mortgage would he qualify for if any?
I don't hold out much hope here but my sister and I would like to buy a house together. She is a FTB earning 21k and I am not working at the moment.
I am recently separated and waiting for solicitors to hammer out a deal or else wait until 2008 for settlement to be decided by courts. The mininum I expect to get from settlement is 250k, that's the very bottom line.
So, my father who has assets worth apprx. 700k and no debts/mortgage, never had a mortgage is willing to back the house purchase by either going guarentor or buying the house himself.
The house value would be around 350k!
What kind of mortgage would he qualify for if any?