Tricky mortgage or not?

DevonEnquirer

Does anyone have experience of getting a top up mortgage for say 50% of a property of approx. £160.000 (first buyers) where both partners are earning but on a relatively low income (with Child and FamilyTax Credits top up) and one partner has gone bankrupt 2 years ago (discharged)? Sounds tricky, but with a 50 % deposit and a relatively small amount to borrow, where do we stand?

Many thanks for any feedback,

DE

_Andy_

Hi DE and welcome to MSE

When you say 'top up mortgage' - what do you mean? Do you already have a mortgage or is a first time purchase?
What is the income (broken down)?

Thanks

Conrad

In principle it is possible but the rate will be at least 7%. Lender has to test your application for 'responsible lending'.