We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Part buy-part let, Contractor
PRINCE$$
Posts: 84 Forumite
Hi,
My OH and I want to buy a place but being in London and quite fussy about what area we live it looks as though the part buy, part rent schemes are our best option. Does anyone have any pros & cons about this we may not have thought about, is it a really bad idea?
The problem is that I'm a contractor. My OH has a perm role so is eligible to apply but I'm not because of this. It looks like he may have to apply by himself :-( Does anyone know if there's any way around this. Can he apply, be approved, then we get the mortgage together?
Any help appreciated.
My OH and I want to buy a place but being in London and quite fussy about what area we live it looks as though the part buy, part rent schemes are our best option. Does anyone have any pros & cons about this we may not have thought about, is it a really bad idea?
The problem is that I'm a contractor. My OH has a perm role so is eligible to apply but I'm not because of this. It looks like he may have to apply by himself :-( Does anyone know if there's any way around this. Can he apply, be approved, then we get the mortgage together?
Any help appreciated.
0
Comments
-
I assume that you are referring to a shared ownership mortgage.
What price is the property?
What % are you buying?
What loan amount are you looking for?
What are your incomes?
Do you have any adverse credit history?
LipstickI 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards