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First time buyer - living with partner...

wud2016
wud2016 Posts: 7 Forumite
Seventh Anniversary Combo Breaker First Post
in Mortgages & endowments
I rent with my partner in London @ 1000pcm.
I have 90k savings for a deposit.
My partner is not ready to buy yet, but I am, and I am willing to go it alone.
If I can guarantee that my partner will contribute rent once a place is bought, would a lender take this potential rental income into account when calculating how much I can afford to borrow?

Any advice before I go to a broker?

(I have read and understand that if said partner is essentially contributing to a mortgage, they have rights to the property if the relationship breaks down!)

Comments

  • kingstreet
    kingstreet Posts: 39,315 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No. It won't.
    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.
  • Mojisola
    Mojisola Posts: 35,571 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    wud2016 wrote: »
    If I can guarantee that my partner will contribute rent once a place is bought

    How can you guarantee that?
  • wud2016
    wud2016 Posts: 7 Forumite
    Seventh Anniversary Combo Breaker First Post
    :beer:

    Thanks!
This discussion has been closed.
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