Q: My friends are thinking of buying a house that needs modernization. It is in a good environment and can be made in a very desirable home. They have a deposit of around 35,000 ￡ talking about the introduction mort gate in the name of their daughter. She has a full time job and is currently interim and Im not sure how one could get her name on mortgage.
Initially they want to buy a property to buy, then sell it after a few months. I do not want to give them wrong advice but I get the horrible feeling that they are not really looked into this very well and are on track for a very big problem if they ahead.
What kind of mortgage lender might go to a 24-year mortgage of any kind also, let along one to buy if they do no good and if they get a mortgage and then sell it after they have done on where they stand on capital gains tax and income tax if it is to be paid? I am very worried that all this could back fire and they were in a worse position than they expect to be.
tags: full time job, mortgate
posted in mortgage by admin
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