Will I get accepted for a mortgage

ethank

I agree you need to let your partner know. You are about to start a long term purchase and financial association - this is not something you should keep secret.

Foxy-Stoat_3

Where is the deposit coming from, 50/50 or is one person stumping up all the cash?

bonbon49

When we applied for our mortgage I did the application on my own by phone, for the both of us, so you could probably keep it quiet for a while, but I'd imagine it would come out in the end. You're going to be financially linked to each other for a long time, and it's best to be honest with each other from the start.

chambta

If you are both Natwest customers and were to apply for a Natwest mortgage in branch only one party needs to be present at the point of application.

Thrugelmir

Not really the right forum. But my personal view is that not telling your partner will result in a complete breakdown of trust between you. Given you are proposing to enter into a long term commitment. Attempting to hide a loan of this size is at best foolish. Only takes one slip and your world may come crashing down.

Better that you tackle the issue together. Give you less sleepless nights.

kerri_dfw

If I was entering into such a big life event with my partner I'd hope he was being completely honest with me about everything. Think how betrayed he'd feel if it came out in the wash. What would you feel if you found out he'd run up a big debt and then purposely hid it from you?

ACG

I dont see the issue.
Me and my gf have been together for around 6-7 years and lived together for 2.

All of our finances are completely separate. We have a bank account which we both put in £x per month which covers our bills and a bit more each month. Everything else sits in our separate bank accounts. If she takes out a loan i could not care less, if i took out a loan, thats my business and not hers. So long as payments are made on time and it is not a slippery slope into debt i dont see a problem.

Thrugelmir

ACG wrote: »

I dont see the issue.
Me and my gf have been together for around 6-7 years and lived together for 2.

All of our finances are completely separate. We have a bank account which we both put in £x per month which covers our bills and a bit more each month. Everything else sits in our separate bank accounts. If she takes out a loan i could not care less, if i took out a loan, thats my business and not hers. So long as payments are made on time and it is not a slippery slope into debt i dont see a problem.

The world of utopia. Come back to the forum in 30 years time. When you've experienced the roller coaster of life.

First hurdle to cross is even obtaining the mortgage. That would be difficult to explain. If it was on the basis of credit data.

ACG

Haha, a little condescending?

The first hurdle can be overcome, if the OP is open with a broker it can be done without too much difficulty.

zizouzidane11

ACG wrote: »

If you want to keep it a secret it will be possible to do that if you go through a broker.
If you apply direct then you are both going to be sat in the appointment and the broker will probably submit it whilst your sat there.

Kingstreet - you could email a copy of the application to one of the clients. Thats your compliance sorted and the OP is happy as its not been disclosed to the partner.

But ACG, as a finance professional, don't you have a responsibility to the partner if you were dealing with this case. Obviously the partner is entering into a joint financial agreement without knowledge of a substantial fact that could potentially affect their finances a great deal. As a broker surely you are acting in the best interest of both partners.
Of course being a healthcare professional I completely understand clinent confidentiality is very important, and I can relate to the STI story on many levels. But we have clear guidelines on factors that may override someone's right to confidentiality.
What are the guidelines in the financial world? or does this fall under the "use your professional judgment" category.

On a side note, many would argue the OP should inform their partner about this prior to mortgage application, and that's what I would do, but I'm not in your shoes and do not know your circumstances so I can't judge.