Currently I have a property in joint tenant with a family member and a mortgage in joint names, unfortunately she passed away and upon reading the bank policy, I can only takeover the mortgage if I reapply for the mortgage in my own name.
Is there a way around this? The problem is I am currently studying so won't pass the credit assessment, does this mean the bank can call in the loan and force me to sell the property?
I have no problem covering my expenses and interest until I graduate, it's just that I went back to University and am caught at a time where I cannot show any income.
Is there a way around this? The problem is I am currently studying so won't pass the credit assessment, does this mean the bank can call in the loan and force me to sell the property?
I have no problem covering my expenses and interest until I graduate, it's just that I went back to University and am caught at a time where I cannot show any income.
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