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Mortgage.... Joint to Sole!!!
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tyrone1980
Posts: 11 Forumite
Hi!
Was just wondering if any of you guys have any experience with trying to get a mortgage's from joint to Sole. In terms of affordability if just under the amount needed would a lender take into account that only one person has being paying the mortgage with proof from bank statements?
Was just wondering if any of you guys have any experience with trying to get a mortgage's from joint to Sole. In terms of affordability if just under the amount needed would a lender take into account that only one person has being paying the mortgage with proof from bank statements?
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Comments
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Unlikely. As the lender is increasing its risk in reducing the potential pool of payers in the event of default, it will ensure the one remaining borrower can afford to pay.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.0
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