Just a what would you do post - DH and I have seen a house that we have absolutely fallen in love with - location, price and facilities are more than we could hope for.
That only problem is that we are about 12 months away from having our deposit/stamp duty/legal fees ready.
The mortgage would be almost exactly the same amount as we pay in rent and we have enough to pay rates/water/insurances it's just the lump some payment we don't have upfront yet.
The other issue is DH has a default on his credit file that is paid and coming off in September this year.
The house has already been on the market for more than 3 months.
Would you ask for a loan from a family member for the deposit and fees - but how would we sign a contract before being able to apply for a home loan until September? Can we sign contract subject to finance without per approval from the bank?
Or would you ask a family member to purchase it as an investment for 12 months when you have your money available (whilst paying the mortgage repayments)
Or hope that the house is still available when you're ready?
Any other suggestions?