Hi
My boyfriend and I have made an offer on a house. It's not been accepted yet but the seller has come back with a question about the dates. They want everything tied up ASAP but we still have a flat to sell (not on the market yet but should be next week).
They want a completion date of 31 July. Not sure if we'd have our flat sold by then, doesn't leave us much time!
Both sets of parents have offered help in paying one of the mortgages if we had to have two for any length of time but my question is would we even be allowed to do this? Can you have two mortgages at the same time if neither is BTL? Would we need a parent to act as a guarantor?
We both earn around £25k. Current mortgage is £79k and the new one would be £96k.
Any help would be much appreciated. We really don't want to offer and then have to pull out even though we could afford to pay both mortgages (with parents help!)
PP
My boyfriend and I have made an offer on a house. It's not been accepted yet but the seller has come back with a question about the dates. They want everything tied up ASAP but we still have a flat to sell (not on the market yet but should be next week).
They want a completion date of 31 July. Not sure if we'd have our flat sold by then, doesn't leave us much time!
Both sets of parents have offered help in paying one of the mortgages if we had to have two for any length of time but my question is would we even be allowed to do this? Can you have two mortgages at the same time if neither is BTL? Would we need a parent to act as a guarantor?
We both earn around £25k. Current mortgage is £79k and the new one would be £96k.
Any help would be much appreciated. We really don't want to offer and then have to pull out even though we could afford to pay both mortgages (with parents help!)
PP