Buying before selling

Posted on 22 October 2012 by Andrew

My mother in law wants to buy a house to move close to us. She has a large deposit (65% deposit) but does not yet want to sell her existing house which she owns outright. She is retired and has minimal income. Is it possible for her to buy the house with my wife and I acting as guarantors for the mortgage?

There are a number of options and ways to help your mother-in-law including you standing as guarantor, however I would need more information before we could decide which one is the best for all concerned. If you would like to find out more about the option open to you, please let me know and I'll get one of our consultants to speak to you.

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