2nd Mortgage on House

When we act as surety, can our subsidiary get a larger mortgage?

Harry, my dear son, my daugther is 23 years old and, on the basis of her pay, entitled to a £150,000 mortgage. We have £150,000 in bar, but we need another 100,000 to buy an apartment in a centrally located London. When we act as surety on her mortgage, are there any lenders using this to raise her first £150,000 mortgage so she can buy the £400,000 apartment?

As Harry says: "If you are willing to take some of the credit risks of giving credit to a first purchaser, creditors may be willing to provide a better interest than they would otherwise. In the case of a guarantee mortgage, a member of the immediate household ensures the guilt. Historically, with this kind of mortgage, it was the parent who was liable for the repayment of the entire mortgage if their baby fell behind with their payment.

However, there is an increase in the number of mortgage loans on the mortgage markets with a limitation on the amount for which the surety is liable. You can lend up to 100 percent of the value of your real estate with surety bonds. One of the parents must then ensure the amount of the mortgage over 75 percent of the value of the house.

This does not mean, however, that the creditor borrows more cash than the purchaser can finance. No interest is paid to a parent on their life insurance policy. The Yorkshire Building Society is offering such mortgage loans. Offering a flexibility based solution, this familiy building society solution provides a solution for all your needs. Assuming that the first purchaser has a down payment of five percent, there are three possibilities for a parent or relative.

Bausparkasse still provides the first purchaser with a 95% mortgage, but the certainty of the member's saving means that the first purchaser will pay a lower interest on his mortgage than usual.

If you own both land and lease, CGT?

I have a mortgage agreement that ends in June 2017, which means I have to pay my creditor, C&G, back. It was my only home until almost 2 years ago (for medical reasons) I had to move near my ancestors. Since I could not resell the house at an affordable cost, I chose to let it to the renters for a few years - which is reasonable for C&G.

ýI suppose the only way I could pay back the mortgage was by selling off the asset, but, to my amazement, I found that I could get a BTL mortgage. Ownership certificates for my real estate show 2 loads, the first one is C&G. Secondly, there is a £30k credit (16.7% of the value) granted by a person for the investment when I first bought it back in 2003.

Well, we had a lawyer draw up a contract for a mortgage. Still, the person has filed a one-sided indictment on my land. PROBLEM: My comprehension is that any new BTL Creditor would like to have first boot on the property and this would involve asking the individual to come off transiently as the BTL Creditor is indexed after which comment of interest of the small creditor is reverted to the title certificates.

Have I any remedy if he does not do so, which prevents me from obtaining the BTL mortgage? Not an unlikely event, because when I had to reorganise my finance in 2008, he did just that and insisted that he pay back his loans. Then like now I don't have the money for repaying his mortgage, which is now about 50k with interest - which means that I would be compelled to sale the property even though it wouldn't be to my personal advantage.

And the only reasons why he was compelled to retire in 2008 is because the value of the real estate had fallen sharply and I was in debit capital; there was not enough to pay off his mortgage after the mortgage had been made.