Hi I am looking for any advice possible please.
I have been given a chance to buy a family members house and at very low cost. Would only need to borrow the minimum mortgage amount but my credit rating is not the best. Its poor actually. Although the debt making it poor is from years ago so not sure if that would benefit me a little. Any credit I've had recently is all paid up to date with no late payments.
Do you think getting a low amount mortgage would be better than getting names changed on mortgage thats currently on the house? Does anyone know what way in terms of legal fees would be cheapest? Its a brilliant opportunity and one I really don't want to get away :D
I have been given a chance to buy a family members house and at very low cost. Would only need to borrow the minimum mortgage amount but my credit rating is not the best. Its poor actually. Although the debt making it poor is from years ago so not sure if that would benefit me a little. Any credit I've had recently is all paid up to date with no late payments.
Do you think getting a low amount mortgage would be better than getting names changed on mortgage thats currently on the house? Does anyone know what way in terms of legal fees would be cheapest? Its a brilliant opportunity and one I really don't want to get away :D