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    • juno46
    • By juno46 18th Oct 16, 8:23 PM
    • 2Posts
    • 0Thanks
    legal position
    • #1
    • 18th Oct 16, 8:23 PM
    legal position 18th Oct 16 at 8:23 PM
    my name is on a joint mortgage with ex husband. my salary was never taken into consideration in the mortgage application. can i apply for a mortgage in my own right before this house is sold? I am requesting guidance under scottish law
Page 1
    • AnotherJoe
    • By AnotherJoe 18th Oct 16, 8:41 PM
    • 8,586 Posts
    • 9,387 Thanks
    • #2
    • 18th Oct 16, 8:41 PM
    • #2
    • 18th Oct 16, 8:41 PM
    Whilst I don't know sccottish law I find it hard to believe there is a law against someone having two mortgages !
    What's more to the point is, will a lender deem you earn sufficient to repay it. The fact your salary wasn't taken into account will be neither here nor there, you are still liable to pay it.
    • Pixie5740
    • By Pixie5740 18th Oct 16, 8:52 PM
    • 11,745 Posts
    • 16,516 Thanks
    • #3
    • 18th Oct 16, 8:52 PM
    • #3
    • 18th Oct 16, 8:52 PM
    If you can meet affordability for both mortgages then you can have both mortgages. However, an additional 3% LBTT will be due on the purchase of the new property.
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