• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Results 1 to 1 of 1

Hybrid View

  1. #1

    Default Getting a mortgage for two houses / situation.

    OK, the situation.

    House 1: I have recently been pre-approved for a home loan for house 1. This is a private agreement, so house is sold to me under value using gifting etc to me alone.

    House 2: An opportunity has also arisen where I can co-purchase with a family member, but the requirements, it has to be first home loan.

    What I would like to do, is put my name forward for House 2 as I currently am still a first home purchaser. And if I get accepted from that, I accept both mortgages and then rent out house 1.

    Already have renters lined up for house 1. And Me and Co-Owner will be paying for House 2.

    Are there any issues I may come across?
    Last edited by Xplaya; 17-05-2019 at 06:12 PM.


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Odd situation with tenants
    By decadude in forum Tenant Stuff (USA)
    Replies: 2
    Last Post: 04-10-2018, 07:51 AM
  2. tricky situation
    By Santos LasHabla in forum Finance, legal and tax (NZ)
    Replies: 2
    Last Post: 20-02-2017, 10:24 AM
  3. How to play this situation?
    By andyp2010 in forum Property Investment (NZ)
    Replies: 10
    Last Post: 18-05-2015, 08:00 PM
  4. Can I get a mortgage in my situation..
    By Jas86 in forum General (NZ)
    Replies: 9
    Last Post: 16-08-2013, 10:49 PM
  5. Replies: 0
    Last Post: 17-04-2013, 06:32 PM
  6. Please comment on my situation.
    By Fenix in forum Property Investment (NZ)
    Replies: 15
    Last Post: 01-09-2012, 12:54 AM
  7. Very sticky situation
    By Jesse in forum Tenant Stuff (NZ)
    Replies: 78
    Last Post: 11-07-2011, 03:24 PM
  8. Houses seized as mortgage defaults hit record
    By muppet in forum Property Investment (Oz)
    Replies: 0
    Last Post: 05-11-2010, 07:38 AM
  9. A very odd situation!!
    By AMR in forum Property Investment (NZ)
    Replies: 14
    Last Post: 17-08-2009, 12:42 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •