low doc high deposits guarantor bad credit home loan
Posted: Mon Apr 27, 2015 9:31 pm
hi i am single parents payments and family tax benefit and have been subcontracting for about 10mths. i will be around the 50thou mark for the financial year. I have 30thou as a deposit from a inheritance. i have been paying 1100 per month in rent without fail for the last 3 years and 650 for years beforehand. i have a few default one has been paid. my mother will also go gaurentor for me with around 200thou equity in one of her properties. i have 3 children and my monthly expenses are about 800 outside rent. no loans or cards, what would my borrowing power b if any? would someone lend me a mortgage ?