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Joint loans

Stuey1221
Stuey1221 Posts: 10 Forumite
in Loans
To get a joint loan do you need to be living with the other person in either rented or mortgaged accommodation?

Comments

  • thriftylass
    thriftylass Posts: 4,088 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I would only ever get a joint loan, if at all, with the person I trust the most, my husband, maybe my parents. They are dangerous, if the relation ship with that other person breaks down, you might be solely responsible if he/she stops paying. But sorry that doesn't answer your question. Sure someone will be along soon who knows this.
    03/26: OD £1200 600 500, CC £3914 3317, family £3100, loan £5618 5306 5036- total: £13832 12323 12003, mortgage £58,243 £57,766 57114
  • Stuey1221
    Stuey1221 Posts: 10 Forumite
    thriftylass wrote: »
    I would only ever get a joint loan, if at all, with the person I trust the most, my husband, maybe my parents. They are dangerous, if the relation ship with that other person breaks down, you might be solely responsible if he/she stops paying. But sorry that doesn't answer your question. Sure someone will be along soon who knows this.

    Yeah that's always going to be a concern for anyone but I have the same circumstance that I'd only take it out with the person I trust the most.

    Didn't answer the question but still sound advice :)
  • lee111s
    lee111s Posts: 2,987 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    No is the answer.
  • Stuey1221
    Stuey1221 Posts: 10 Forumite
    lee111s wrote: »
    No is the answer.

    Thanks lol
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Stuey1221 wrote: »
    To get a joint loan do you need to be living with the other person in either rented or mortgaged accommodation?

    The relationship between you and the purpose of the loan are factors too.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If you have a joint account you may be able to apply for a joint loan.
This discussion has been closed.
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