Hello,
I hope someone can help.
I'm trying to apply for a mortgage with Skipton Building Society but they have started to make worrying noises.
I am 29 years old and purchased my house outright in December with the proceeds from the sale of my previous home. I did not have a morgage at the time because I had paid it off with a combination of my own savings and money that had been held in trust by my mother from my maternal grandmother.
I want to take a mortgage out now because I want to help my sister buy a house down south; she is several years younger than myself and out of work (she wants to move to an area with better job prospects) so she can't get a mortgage without a punishing repayments.
I'm aware that I have to own a house for 6 months before I can take out a mortgage, but when I applied, Skipton said this wouldn't be an issue so long as I complete the application after I've owned the house for 180 days.
Now, however, Skipton are saying they don't believe my reasons; they say most people my age don't have enough money to buy a house and find it hard to believe that I want to loan it to my sister.
I feel like I'm being victimised for actually saving my money and trying to support my family. I'm terrified that they're going to stop the mortgage and then I'm going to have a declined mortgage on my credit report.
I'm not sure what help anyone can give but I'm hoping someone will have some advice.
Thank you.
Tarot
I hope someone can help.
I'm trying to apply for a mortgage with Skipton Building Society but they have started to make worrying noises.
I am 29 years old and purchased my house outright in December with the proceeds from the sale of my previous home. I did not have a morgage at the time because I had paid it off with a combination of my own savings and money that had been held in trust by my mother from my maternal grandmother.
I want to take a mortgage out now because I want to help my sister buy a house down south; she is several years younger than myself and out of work (she wants to move to an area with better job prospects) so she can't get a mortgage without a punishing repayments.
I'm aware that I have to own a house for 6 months before I can take out a mortgage, but when I applied, Skipton said this wouldn't be an issue so long as I complete the application after I've owned the house for 180 days.
Now, however, Skipton are saying they don't believe my reasons; they say most people my age don't have enough money to buy a house and find it hard to believe that I want to loan it to my sister.
I feel like I'm being victimised for actually saving my money and trying to support my family. I'm terrified that they're going to stop the mortgage and then I'm going to have a declined mortgage on my credit report.
I'm not sure what help anyone can give but I'm hoping someone will have some advice.
Thank you.
Tarot