Named on a mortgage - can I buy another house more easily?

wonderingw

My father and I got a mortgage together about 5 years ago - he lives at that house and I rent my flat - he's been making the payments on it but added my name to the mortgage so as far as the bank is concerned, we both own the house.

I am looking to eventually stop renting and buy my own place, but I wondered if my status as a "home-owner" would allow me to get a second mortgage without the need for a large deposit? Or if I still have to save up a large deposit?

kingstreet

In many cases, you'll need a bigger deposit.

A second property is limited to 80% or 85% by some lenders and they may "tax" your income with the cost of the current mortgage as it will continue when you've moved; particularly when it's inhabited by a relative, rather than commercially let.