How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Clare Your Own Question
Clare
Clare, Family Solicitor
Category: Family Law
Satisfied Customers: 34278
Experience:  I have been a solicitor in High Street Practise since 1985 and have specialised in Family Law for the last 10 years
13262538
Type Your Family Law Question Here...
Clare is online now

Hi I need to formalise a maintenance agreement I have. My brother

Customer Question

Hi I need to formalise a maintenance agreement I have. My brother is disabled and I am trying to set up a mortgage for him, so that he has provable income, I need to formalise the money I give him each year.
Submitted: 3 years ago.
Category: Family Law
Expert:  Clare replied 3 years ago.
Hi
Thank you for your question.
My name is Clare
I will do my best to help you but I need some further information first.
Could you not simply Guarantee the mortgage?
Clare
Customer: replied 3 years ago.

hi I believe we would still not meet affordability under those circumstances, although I may be wrong.

Expert:  Clare replied 3 years ago.
Hi
Have you actually discussed this with a mortgage broker?
Clare
Customer: replied 3 years ago.

Virgin accept maintenance agreements. It's unusual, and the unusual usually gets rebuffed. I've spoken to a mortgage broker, who was unaware of maintenance agreements.

Expert:  Clare replied 3 years ago.
Hi
Are you sure that they accept such agreements where the parties are not married/ co parents?
Clare
Customer: replied 3 years ago.

Hi, no I'm not sure TBH

Expert:  Clare replied 3 years ago.
Hi
I suspect that the Maintenance arrangements they accept will be those relating to spouse or child maintenance where there is a legal requirement to make payments.
No agreement that you make between you will be enforceable
Acting as a Guarantor or setting up a joint account would be a better option
Please ask if you need further details
Clare