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Charlene Said:

My mother is looking into buying her council property but will need me to be a guarentor for the mortgage.?

We Answered:

Going as guarantor doesn't mean you cover the cost of the mortgage, it just means, if she defaults, the lenders can look to you for the money.
Be warned, if she does default, that will reflect on your credit score.
You may want to set up a system where you set up a standing order for the mortgage payments out of your account, and let her pay you the mortgage payment, so that if she's late, the payment is covered and the record runs smoothly.
Good luck.

Harvey Said:

Should only people with good credit be foreclosed on? It is the lenders fault that people don't pay mortgages?

We Answered:

The only way for equal rights and non discriminatory practices to be compliant with Federal Mandated Regulations is for all delinquent loans 3 months in arrears to be served a notice of default and intent to foreclose. Regardless of the credit, color, familial status, creed, handicap, age, or sexual preference. You asked for the loan and received the benefit after disclosures were given and signed and agreed to. Now why should anyone that cant make payment be forgiven ? Remember the banks and insurance companies own our government. There will be no out for deadbeats, it is sad that some decent people will lose their homes because of tragedy in their lives. This isnt the land of entitlement and risk free living. If mexicans want affordable housing let them make adobe huts. This isnt whiteys fault it was a choice made by those affected. Liberals and Democrats will spin this to death trying to make people think big govt should take care of us. How many that will lose their home would have sued instead had they been turned down for their loan as they likely should have been. This isnt a race thing it is a matter of accountability for ones own actions. You want to remove racial tensions, then quit pulling the race card everytime you renig on your obligations as an american.

Milton Said:

mortgage recident perment visa?

We Answered:

Most couples put their properties in joint names, regardless of who pays the mortgage. Also, the mortgage lender will take your earnings into account and most likely ask for your name to go on the mortgage agreement as well.

Even if the house was only in your husband's name, if there was a divorce the court would decide what was the fairest way to divide up the assets, they will take into consideration the money you have put in as wel as the unpaid housework that helped your husband to work.

Usually, the one who looks after the child will stay in the house. If the house is in the husband's name, but your relationship is breaking down and you think he might try to sell the house before the court can make a decision, you would need to go to a Citizens Advice Bureau or solicitor to help you to register your interest in the house; he would then not be able to sell the house before the court made a ruling.

Even if you lost the house, the child would have to be housed, with the parent who was looking after the child; so most likely you would get council housing; however, it would probably be much easier for you if you could stay in your own house.

I am sorry that you have doubts about trusting your husband. As you already have Indefinite Leave to Remain, you have full rights here, and nothing to worry about in terms of your rights. You will probably have had some negative comments, ignore them.

Also, there is no reason for a lender to refuse your application just because of your citizenship; maybe your earnings aren't enough?

Good luck with everything.

Bertha Said:

mortgage recident permit visa?

We Answered:

if u re legally married in case of divorse u have to split everything 50-50 even if your name isn't on the mortgage. everything acquired after marriage is divided 50-50 if there is no another agreement in prenup. if u re not married legally yet and he buys house before u get married - be sure make a prenuptual agreement. if not - the house is his only

Joann Said:

Can I change mortgage lender in the 1st 3 years if bought from local council?

We Answered:

Sure! We moved to Geico, owned and run by General Motors Corp.
Quick easy and saved a bunch of interest.