Hi. My son has just been turned down for a mortgage as he has a CCJ against him - he has to waitb18 months for this to end before reapplying.
He already has a mortgage on a property he can't sell as in negative equity so he is renting that out.
He currently lives in rented accommodation with his partner and 2 kids.
I am thinking about buying a property for him to rent out until he is able to get a mortgage and can buy it off if me.
What are the implications of this? Is this a good idea?
Thanks.
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Buying a house - renting to son pending mortgage acceptance
3 replies
ContraryAndHairy · 14/09/2013 10:22
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