Long story.
Mum & step-dad divorced. They have a joint mortgage on their house.
At the moment he is living in the house as the house is on the market.
I want the house, but can't afford the full mortgage as of yet, but my mum has said if I buy my step-dad out of the mortgage, I can move in, until I can afford to buy her out too, and make the house mine.
The house is up for £200,000.
They have £110,000 left to pay off
I can afford about £130,000.
Can someone please advice on how this may be possible, and how it would work?
Thanks
Josh
Mum & step-dad divorced. They have a joint mortgage on their house.
At the moment he is living in the house as the house is on the market.
I want the house, but can't afford the full mortgage as of yet, but my mum has said if I buy my step-dad out of the mortgage, I can move in, until I can afford to buy her out too, and make the house mine.
The house is up for £200,000.
They have £110,000 left to pay off
I can afford about £130,000.
Can someone please advice on how this may be possible, and how it would work?
Thanks
Josh