Key issue:
Deposits
Case study:
Parental Income Levels
Date:
2005-03-04
Mortgage amount:
145,000

Outcome

Bank adhere strictly to criteria on parental income levels

Detail

First time buyer,good saver,needed parental income to be taken into account to qualify on an income basis.Minimum parental income level set down by bank was 30k and as clients father fell short of this level we were unable,despite strenuous efforts on our part,to secure mortgage facilities. Fortunately client subsequently received income rise and was able to secure facilities on a different property in her own right.

 
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