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!
Mortgage application help
MikeBrown123
Posts: 22 Forumite
Hi,
I am about to put in a mortgage application with my partner. she currently owns a shared ownership flat, and we do not need the equity from this to buy, can the mortgages overlap? we are in the process of selling the flat but the vendor for our new house wants to complete ASAP so there is likely to be a small overlap which could be as much as 1-2 months.
we can easily afford both, we take home in the region of £3600 a month and have no other debts / car payments other than fuel which we put on CC each month, both mortgages together would be about £1250.
Has anyone done this before? is it even possible?
Thanks a lot!!!
I am about to put in a mortgage application with my partner. she currently owns a shared ownership flat, and we do not need the equity from this to buy, can the mortgages overlap? we are in the process of selling the flat but the vendor for our new house wants to complete ASAP so there is likely to be a small overlap which could be as much as 1-2 months.
we can easily afford both, we take home in the region of £3600 a month and have no other debts / car payments other than fuel which we put on CC each month, both mortgages together would be about £1250.
Has anyone done this before? is it even possible?
Thanks a lot!!!
0
Comments
-
Before you apply, speak to the lender about it.
Some lenders wont mind, others may.I 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