Wee weasely kyle is definitely being backed by his parents, I know how much he’s on a year and there’s no way he’d get a mortgage on his own for that amount without a huge deposit, financial gift or financial backing of some other sort.
Shite for Aimee being 31, a big Instamaw and mum to 4 kids but can’t even get a place on the mortgage
if Kyle left her, she’d have absolutely nowt
Sorry to press the point, but I’m curious! How do you know what he earns? What DOES he earn?!
My guess is he earns basic 45/50 and tops out on overtime. I reckon she brings in 10k a year tops. They made a decent amount on their old house but given what she used to say about credit cards, they had a chunky amount of debt to pay, plus the payback of the initial first time buyer ’help to buy’ deal when they got that house.
If the home report was the asking price of that house, they’ll have needed £50k to cover the difference, plus a deposit for the value. So 70 grand ish. A year of no mortgage payments will have helped there, plus what was left from the profit from their house?
To get the mortgage, they likely had to pay down their debts with the profit, which is why they had less buying power to buy in the area they initially wanted, and spent a year saving up by living with grandparents.
Either parents have given them some money for the deposit, or he has taken on a 40 year mortgage. My bet is on the latter tbh. If they were going to be gifted a chunk of money, they’d have known about it earlier and used it to buy in their preferred area.
What I find mind boggling is that she is not on the mortgage. That is WILD. What sort of solicitor did that?! A stay at home parent with no income can be on the mortgage as a joint tenant, and they absolutely should be!
40 year mortgage with incoming negative equity in a global financial crisis in a one income house with four kids and a spendthrift slob has got to hurt.