Food & Drink1 min ago
Taking over a mortgage...
I am currently renting a property direct with the landlord.. His circumstances have changed, and by his own admission, he is struggling to find the shortfall between the rent I pay and the cost of the mortgage.. I have been accepted in priciple on a mortgage but don't have the deposit. Is there ANY way I could take over my landlords mortgage(he sells to me) without having to find a large deposit for the bank??? He is tied into a three year fixed mortgage, but I doubt very much he will be able to continue to pay and have no chice but to default.. Any advise would be greatly appreciated. Thanks Rob
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