Joint Mortgage, partner with poor credit

shinyahashimoto

My Fiancee and I are looking to buy a house. I will have over 10% deposit, and will require 107K mortgage from the bank. I earn 28k so initially checks appear to lend me as much as 140k so I can easily afford this. My credit rating is good.

My Fiancee earns 23k, so in a joint mortgage the bank may offer up to 200k. We don't want anything like this amount, however she has had bad credit in the past, multiple defaults and has a small amount allowed on her credit card.

Should I go through the mortgage and legal application within my own name or jointly? I do not want to affect the possible mortgage agreement adding her name when I can afford this on my own.

Any advice appreciated,

holly_hobby

You won't get a 90% mge with mulitple defaults, keep the app in your sole name and avoid any financial association with your partner until her credit file is clean (6 yrs from registration of the defaults).

Hope this helps

Holly