Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • DuncanL
    • By DuncanL 14th Jun 17, 10:10 AM
    • 1Posts
    • 0Thanks
    DuncanL
    I'm on a shared mortgage in name only - can I still be considered a first time buyer?
    • #1
    • 14th Jun 17, 10:10 AM
    I'm on a shared mortgage in name only - can I still be considered a first time buyer? 14th Jun 17 at 10:10 AM
    Hi, I was wondering if anyone could help. I joined my sisters mortgage last year to take the place of her boyfriend after a break-up. I'm on it in name only and make no payments. In doing this have I waived my rights to be considered a first-time buyer? Will it have damaged my chances of getting my own property in the future?

    Many thanks,
    Duncan
Page 1
    • SeagullFTB
    • By SeagullFTB 14th Jun 17, 10:18 AM
    • 41 Posts
    • 19 Thanks
    SeagullFTB
    • #2
    • 14th Jun 17, 10:18 AM
    • #2
    • 14th Jun 17, 10:18 AM
    I'm not sure, but I'd assume that you can't be considered as a first time buyer and any future application for a mortgage would take into account that you already have an existing one that you are responsible to repay, regardless of whether you or your sister actually make the payments.
    • kingstreet
    • By kingstreet 14th Jun 17, 10:58 AM
    • 31,947 Posts
    • 17,075 Thanks
    kingstreet
    • #3
    • 14th Jun 17, 10:58 AM
    • #3
    • 14th Jun 17, 10:58 AM
    Are you only a party to the mortgage and not to the ownership of the property?
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,586Posts Today

7,516Users online

Martin's Twitter
  • RT @KCMurdarasi: @MartinSLewis Only 2 fluently, but I can struggle by in another 5 or so. And ask the way to the toilet in about 10 - you d?

  • Today's twitter poll: How many languages do you speak (inc Eng) with reasonable fluency (eg can have decent phone chat solely in that lang)

  • RT @iiSteveJonesii: @MartinSLewis After watching you talk this morning about me burning £300 I got on a comparison site tonight & sure enou?

  • Follow Martin