Hi some advice would be much appreciated.
I own my grans house currently and have done for past few years now (on a 3 year fixed deal with 6 months left). I live in rented accommodation with my boyfriend. My gran has just been offered house in sheltered accommodation so will be moving soon.
My question is my boyfriend and I want to remortgage the house into both our names and up the mortgage to do some work in the house. My boyfriend has never had a mortgage before so we have been told by friends we would treated as first time buyers even though I've had a mortgage mortgage for 2 1/2 years. Is this correct?
I own my grans house currently and have done for past few years now (on a 3 year fixed deal with 6 months left). I live in rented accommodation with my boyfriend. My gran has just been offered house in sheltered accommodation so will be moving soon.
My question is my boyfriend and I want to remortgage the house into both our names and up the mortgage to do some work in the house. My boyfriend has never had a mortgage before so we have been told by friends we would treated as first time buyers even though I've had a mortgage mortgage for 2 1/2 years. Is this correct?