can three people be on the same mortgage

wobblybelly

I own a flat in need of updating , I am on disability benefit, so have a very low income, Can I remortgage by adding my son and his partner to the mortgage in order to fund the improvements, can three people be on the same mortgage :j

RDA

Certainly, my wife and her two sisters have a joint mortgage on a BTL property.

youngie

yes you can have upto four people on a mortgage,don't forget land registry deeds would also need updating

Jammasterjizz

Most lenders will accept three people on the mortgage, but only two incomes. There are very few high street lenders who would accept three income.

GMAC (General Motors lending arm) will accept three incomes, but you will have to go through a broker to access these deals.

homer_j_3

you cannot advertise your site on here - please remove your signature and replace with the same as mine...

http://forums.moneysavingexpert.com/showthread.html?t=325378

thanks

ashley0611

I am also interested in this and somewhat confused! I went to bank today to see about steps to get a mortgage. We are exercising our right to buy our council property. My dad is the tenant, myself and my partner and my brother are on the tenancy and we all live in property. Council are agreeing to sell to all 4 of us. We had planned to raise the funds by myself and my partner getting a mortgage. My dad is disabled and we are all his carers, therefore his income is low. My brother is at college and only works 8 hours a week.

When I went into Abbey to enquire they said the morgage must match the title deeds therefore all 4 of us would have to be on the mortgage. Is this going to make things more difficult for us?

Thanks in advance

ashley0611

Can anyone help?