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monkeydo
Posts: 35 Forumite
HI,
My OH is going to get a mortgage on his own as I have a poor credit rating. the only problem is his basic wage isn't much but he does regular overtime. Would a mortgage company still take into account my contribtion to the household income when deciding borrowing without me going on the mortgage and affecting the interest rate.
My OH is going to get a mortgage on his own as I have a poor credit rating. the only problem is his basic wage isn't much but he does regular overtime. Would a mortgage company still take into account my contribtion to the household income when deciding borrowing without me going on the mortgage and affecting the interest rate.
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Comments
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I do not think so, but I think you should seek advice of a Mortgage broker, there may be alternatives to add you to the application if the credit history is not too demaged0
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Absolutely not.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0
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You cannot exclude somebody from a mortgage application and then use their income.
What is your bad credit and from when? How much are you looking to borrow and what purchase price/valuation?I am a Mortgage AdviserYou 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.0 -
I have just completed a debt management plan and now outstanding debt.
We are looking to borrow £130k with £40k deposit to buy 1t £170k.0 -
I meant no outstanding debt, sorry0
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