Hi all first time poster here.
This is my situation. There is a house I really wish to buy but cannot get mortgage due to non-permanent job situation (a teacher waiting on CID in July '14). I may have the possibility of cash purchase through my savings and family dig out. My question is would it be possible to remortgage the house in July in order to pay back my family. Thanks
I know a teacher that is not permanent and got a mortgage by having a guarantor. The guarantor is coming off the mortgage as soon as the teacher is made permanent.
I don't see this as a remortgage as you with the help of parents will be cash buyers (or did I get that bit wrong). Would it be possible for parents to buy the house and the in July you apply for mortgage to buy (first time buyer) house from your parents