In the process of purchasing the council property. On the application we put down my parents and my brother as tenants wishing to purchase the property.
Now that we got the offer letter, we went to see a broker and found a deal. However out the 3 tenants only 2 are working. The broker has checked with the local Santander branch manager, and the mortgage will not be accepted with three names as we have opted for interest only.
The only way to proceed further was to get the council to amend the names from three to two names. We have instructed the council to amend the names four weeks ago and still no news.
If anyone had experience in this area please can you let me know.
Now that we got the offer letter, we went to see a broker and found a deal. However out the 3 tenants only 2 are working. The broker has checked with the local Santander branch manager, and the mortgage will not be accepted with three names as we have opted for interest only.
The only way to proceed further was to get the council to amend the names from three to two names. We have instructed the council to amend the names four weeks ago and still no news.
If anyone had experience in this area please can you let me know.