M
mel21
Guest
Hi,
I am looking at buying a house worth €400,000 however can only get a mortgage for €350,000. My parents have said they will go Guarantor for the difference.
Can someone explain to me how this work, can they just put their names down as Guarantor or do they have to hand over their Property deeds to the Mortgage company for the amout in the difference????????????
Also with the recent announcements from the Revenue Com. about Parents helping their Children in first time buyer housing, will my Stamp dudy exemption be affected? I am looking as a first time buyer to buy a house in a new development.
All information and advice appreciated.
tHANKS
I am looking at buying a house worth €400,000 however can only get a mortgage for €350,000. My parents have said they will go Guarantor for the difference.
Can someone explain to me how this work, can they just put their names down as Guarantor or do they have to hand over their Property deeds to the Mortgage company for the amout in the difference????????????
Also with the recent announcements from the Revenue Com. about Parents helping their Children in first time buyer housing, will my Stamp dudy exemption be affected? I am looking as a first time buyer to buy a house in a new development.
All information and advice appreciated.
tHANKS