Thanks Anthony.  I have done this and have discussed with my lawyer.  He is happy with what I have done so far.  He will draft the contracts so that we have everything spelt out so that unforeseen circumstances such as the ones you have called out, will be captured adequately.  We will be working through a tenants in common contract.  And the bank…[Read more]

Oh ok… let me clarify.They signed the contract and added the "and/or nominee" to the purchaser details so there are no problems to adding my name at settlement.

Thanks Richard.I guess, the point I am trying to make is that the home loan manager didn't bother to ask for any evidence from my parents.  She just basically said that the bank will not lend them any money because they cannot service the loan.  It was a 10 minute conversation – she just wasn't interested to find out more.  They weren't even cust…[Read more]

Hi Jamie,That's how my parents felt – they were discriminated because of their age.They were not asked if they were working etc… the home loan manager at the Ashburton commbank branch just took a look at them, asked them their age and said that they are not eligible for a loan because they won't be able to service a 30 year loan at their age!…[Read more]

Thanks Jamie for the warm welcome It was commbank who said that they are too old to service any loan.  Mum and dad were obviously rapt with the commbank customer service training! So much for their Determined ads…  Definitely NOT determined to give the oldies a chance.  They haven't gone to any other bank to speak about the potential of ge…[Read more]