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Will i be able to get a mortgage ?
ALPINESURFER
Posts: 16 Forumite
Im a first time buyer with ok credit and no debt what so ever.
My girlfriend is a homeowner with awful credit and in debt management.
we need bigger house so want to move we are thinking i apply with my name alone with the 5 % + deposit she sells hers and we move in to new home.
But can i use her earnings for my application ?
i can show it going into my bank accounts so is it part of my income.?
My girlfriend is a homeowner with awful credit and in debt management.
we need bigger house so want to move we are thinking i apply with my name alone with the 5 % + deposit she sells hers and we move in to new home.
But can i use her earnings for my application ?
i can show it going into my bank accounts so is it part of my income.?
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Comments
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You cannot take her income into account.
If the deposit is coming from her sale, you'll also have problems as the donor will be living in the property but not party to the mortgage/ownership.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 -
What's changed since your previous post on the same topic a few months ago?
https://forums.moneysavingexpert.com/discussion/47405740 -
Just hearing that people with dmp have and can get a mortgage.
I have also just come back from a broker who says the same as long as credit rating is rebuilt enough and we have the 10 % which we pretty much have depending what we go for.. i can get around 85 on my own or 150 with my partner....0 -
ALPINESURFER wrote: »Just hearing that people with dmp have and can get a mortgage.
That's news to me. An unsettled DMP is a most certain decline.
Totally different to a satisfied one. Where options do become available.0 -
ALPINESURFER wrote: »Just hearing that people with dmp have and can get a mortgage.
I have also just come back from a broker who says the same as long as credit rating is rebuilt enough and we have the 10 % which we pretty much have depending what we go for.. i can get around 85 on my own or 150 with my partner....
Yes they can get a mortgage, but not a chance at 95%!
I would also be amazed if they can get at 90% so would query it with them, possibly getting an AIP before committing yourselves to anything.I am a mortgage adviser.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.0
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