Hi - have since found out that the company/guarantor is 100% owned by him. So the fact that the bank accepted this company as a guarantor must...
Thanks :-) It is for a residential property from a bank and the loan term is 30 years. 20% down payment and interest rate is 4%
Yes, that is what is being done. To give the lawyer all the information and seek legal advice. Don't know any lawyers. The previous lawyer was...
Family.
Family
Terry and Trainee: I have no idea. The previous lawyer also did not consider asking him for more information. I thought this is relevant so I...
Thank you thatbum, what do you mean by detailed/relevant instruction please? Yes, was thinking of add-back calculation as this money belonged to...
Sorry, I don't know how to quote as I am new to this forum. Peter, this is about the husband (soon to be ex) who has taken a huge loan (1.8m) in...
Marg & neK, Yes, a new lawyer is going to be seen soon. This point was not considered (amongst numerous other points) by previous lawyer. So...
If a property is purchased by the husband a few months after separation, then is the stamp duty paid for such property added to the asset pool?...
Great, so borrower's income is absolutely required to be shown. Could the bank rely on the guarantor's income instead of the borrower's and then...
Thank you Peter. I thought perhaps there are exceptions when a bank could lend such a high amount to an individual who claims he has no income.
Thank you very much Terry, you have been most helpful. Trainee, I will continue this in the legal section as a separate question.
Sorry if I am repeating myself as it is very important for me to get it right. So you're saying that in all cases the borrower must show an...
Hello, Could someone please help me understand the mortgage approval process, I would really appreciate any information you can provide: 1. To...
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