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First time buyer
ekumi00
Posts: 24 Forumite
Quick question regarding first time buyer status. My girlfriend has a mortgage in her name only. If I want to buy a property myself I could apply for first time buyer incentives 5% deposit but my salary alone won't allow me to get a decent mortgage. Could I add my girlfriend and still get first time buyer incentives? Or as she has a mortgage we wouldn't be able to. I'll be the lead on the mortgage. Thanks
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Comments
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Then it would become a joint mortgage and you would need to be first time buyers.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
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FTB status varies from lender to lender.
Some will permit a FTB product where only one applicant is a FTB.
You need to bear in mind the existing mortgage will reduce her borrowing power as any lender will need to ensure both mortgages are affordable.
Some lenders won't permit more than one residential mortgage.
You should consult an independent broker for guidance and advice.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 -
Can i ask a quick question . I have just recently purchased my new place not realising i was buying and i have been gambling away my spare cash up to £hundreds a month but never gone near my overdraft or had to lend money. Will i be ok getting a mortgage as all my betting accounts are now closed down?? Thanks0
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Can i ask a quick question . I have just recently purchased my new place not realising i was buying and i have been gambling away my spare cash up to £hundreds a month but never gone near my overdraft or had to lend money. Will i be ok getting a mortgage as all my betting accounts are now closed down?? Thanks
You'd be better off starting your own thread - this doesn't have anything to do with the thread topic.Slummy mummy!0 -
In reply to PM, brokers will not provide lender names.
If you wish to have a broker establish the options open to you, appoint one from a personal recommendation.
FWIW a FTB product may not always be the best available to you, so don't get hung up on this.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
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