- 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.
