shared ownership and linked financially

biglad

Me and my partner are looking to get a shared ownership house. i am now on a dmp, and the rent were paying is what it will cost for a mortgage and rent on a shared ownership propert so we can afford it.

The thing is i dont want to get financially linked to my girlfriend as my credit rating is poor to say the least. But it will help us if my name is on the application form for the shared ownership home but she will get the mortgage solely in her name as she can afford it.

can anyone help on my confusing situation

Thanks again

regularsaver1

I would think that the shared ownership and the mortgage would have to be in the same names

biglad

the mortgage will be in her name, and i will just be down as living there, so in a sense it will be in the same name.

surely if i had a child living with me they would not have to be on the mortgage and all my name will be on is the application saying im living there

regularsaver1

either way you would need to find out about the shared ownership

will the mortgage and rent be affordable in just her name?

ctabuk

There are so many deals out there for SO I have no doubt that a Broker could arrange a decent quotation.