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Co Co tenant purchase scheme

Phryd · 2017-05-17 08:19:34

Hi all, does anybody know if any lending institute that gives mortgages for a Co Co purchase scheme, we were approved in principle but because of the hold the council will have on the house even though the bank would be the primary partner should we default and the house gets repossessed. Credit Union is an option but…

17-05-2017 9:19am

#1

Phryd

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Hi all, does anybody know if any lending institute that gives mortgages for a Co Co purchase scheme, we were approved in principle but because of the hold the council will have on the house even though the bank would be the primary partner should we default and the house gets repossessed. Credit Union is an option but their lending limit is 50k, i need about 75k. If anybody knows of anyone i would be most grateful

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#2 17-05-2017 10:26pm

Zaph

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#3 26-05-2017 7:02am

foxy06

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I think your only option is a loan from the council themselves or a loan from a credit union. Some credit unions are offering home loans. Maybe not your own but see if any others nearby are? We were lucky to be just on the border of a credit union that is offerning home loans and recently recieved approval.

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