His/her name will have to go on the mortgage, his/her name will have to go on the title deeds, he/she would have to declare the mortgage when applying for a loan, though I guess he/she could show that he/she wasn't actually paying any of the mortgage, the bank might exclude that.
Is it the case that you simply cannot afford this mortgage? That you cannot get it at all unless someone else joins in or goes guarantor? Should you perhaps just let it go?
Is it the case that you simply cannot afford this mortgage? That you cannot get it at all unless someone else joins in or goes guarantor? Should you perhaps just let it go?
I'm buying someone out so losing the place and my first time buyer status isn't an option. The money I would make would disappear in tax when I buy another place.
The banks say I need a guarantor/co-applicant. I can afford it alright, but that's their rules and I must abide by them.