Joint mortgage need some advice??

flower1207

Hi everyone

Id really appreciate a bit of advice if at all possible.
We are currently renting and the house is being put on the market, myself, partner and mum are hoping to find a joint mortgage somewhere.
My partners currently a full time student, part time worker, Im self employed without proveable income as of yet, and my mum is working full time.

We are hoping to get as long as possible term, does anyone know where we should begin, would a mortgage broker be the best place to start? Does anyone also know if they can take into account that my partner will be earning a full time wage within 6-7 months, and eventually my partner and I will take the mortgage over completely.
Ive had a quick look at the possibilty of shared ownership with a financial organisation but Im not totally clear on that?

Any help would be really appreciated.
Many thanks in advance
flower

UK007BullDog

First of all, yes, you should speak to a broker as the usual high street lenders are probably not an option. There are lenders out there that will take you on depending of all your incomes, future incomes etc. But the broker will have to know all the details inside out to find you the best deal suitable to your situation.

Some lenders will take in account future employability of students. It just depends what it is they are graduating with. Future Solicitors, doctors, highly skilled nurses, accountants ....... they will find it easier to get a mortgage as some lenders created producs specifically for that market/people.

Shared ownership might be a possibility but have not known one to take on more than 2 persons. You might need to find an expert broker who covers that field or some broker from this board might help who knows about this.