I was going to offer similar advice, but then I saw it was a different 'county'. Re-reading, I think the parents are also in Ireland?Depending on the lending practices in their own country,
I was going to offer similar advice, but then I saw it was a different 'county'.
What the OP didn't mention in this post was that they've been through a personal insolvency
Surely if I was discharged as such in 2016 and have paperwork to prove that, the timer should run from then and my credit report should clear by 2021?
It's all my practice spotting my own typos!Well spotted
Yes Brendan, it would be a possibility for them to gift me a property. I must look into this option. I would still very much love to get a mortgage ourselves though. We now have a 10% deposit - not sure if I would qualify for an exemption on the 20% especially as I completed an insolvency arrangement in 2016...this will still be visible on my credit record until late next year. I did however manage to get it corrected, it now clearly shows the insolvency finished in 2016...whereas up to quite recently the bank was still reporting as missed payments!Another option.
Could your parents gift you one of their properties?
You might be able to raise a mortgage on that from one of the non-bank lenders.
Brendan
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