Commoncommoner
Registered User
- Messages
- 1
Hi All
A complicated one but will try simplify it best i can
Will inherit house with my sister as a 50/50 split and also cash from my aunts will at 50/50, just the two of us
I live in the house with my partner, sister wants the money, we plan to divide the will that i take house and she takes money, Solicitor has said this is possible given wording of will, issue is that house is valued at higher than money therefore i plan to get a mortgage to pay my tax debt and also to bring my sisters cut to 50/50 if possible.
My problem is that the above would be higher than 3.5 times my salary, it would be 4.5 times, now if my partner went with me on the loan we would be ok.
My question is before i go chasing brokers does the above seem likely circumstances that a bank would lend under, the total amount i would need is approx 280k, would it be possible for my partner to go on the loan with me if I’m not approved. Again I’m trying to ascertain feasibility of banks lending under such circumstances.
If not possible house will be sold.
Thanks
A complicated one but will try simplify it best i can
Will inherit house with my sister as a 50/50 split and also cash from my aunts will at 50/50, just the two of us
I live in the house with my partner, sister wants the money, we plan to divide the will that i take house and she takes money, Solicitor has said this is possible given wording of will, issue is that house is valued at higher than money therefore i plan to get a mortgage to pay my tax debt and also to bring my sisters cut to 50/50 if possible.
My problem is that the above would be higher than 3.5 times my salary, it would be 4.5 times, now if my partner went with me on the loan we would be ok.
My question is before i go chasing brokers does the above seem likely circumstances that a bank would lend under, the total amount i would need is approx 280k, would it be possible for my partner to go on the loan with me if I’m not approved. Again I’m trying to ascertain feasibility of banks lending under such circumstances.
If not possible house will be sold.
Thanks