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Mortgage property query

bonelesscalvin · 2020-11-03 22:59:12

Just a quick question. Would I get mortgage approval to buy a co-operative housing property (50/50)? or do Banks steer away from that? I have a good chunk of change saved up with a stable job in finance and a large salary. The property in question is managed by nabco and is an family friend selling it which is why I am…

03-11-2020 10:59pm

#1

bonelesscalvin

Registered Users, Registered Users 2 Posts: 9 ✭

Join Date: November 2020

Posts: 7

Just a quick question. Would I get mortgage approval to buy a co-operative housing property (50/50)? or do Banks steer away from that? I have a good chunk of change saved up with a stable job in finance and a large salary. The property in question is managed by nabco and is an family friend selling it which is why I am going for it (unbelievable deal). I currently live in the same estate with my mother. I have passed all pre-lim checks (DRA etc) but just wondering would they not approve it because of it's co-op status.

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