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!
Couple looking to buy - possible to have mortgage in only one name?
macaulays
Posts: 62 Forumite
Morning folks - hoping someone can help me. If a couple were looking to buy a property and one party would require a regular mortgage funded purchase and the other had the cash available to buy outright, would it be possible for just one person to take a mortgage? E.g. Purchase of 100k, person A has 10k and a 40k mortgage, person B has 50k cash. Is that sort of arrangement possible?
Thanks!
Thanks!
0
Comments
-
Not normally, no.
There is one lender only which allows more owners than there are borrowers.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards