mortgage advice

bobbyaro

hi all i have heard that there is a mortgage available where you go in with your dad or other family members. Well we was thinking ,i currently earn around 20 000 a year i would need around 90 000 mortgage at least but i have bad credit so mortgage companies wont risk taking me on as its nearly 5 time my wage with bad credit . My dad will do anything to help me out and finding out my girlfriend is pregnant with our second child we really need to get on track. I have been offered a job earning 30 grand a year but still dont think the mortgage companies will take me one due to my bad credit so if i was to get a joint mortgage with my dad will his credit rating come into account. I can pay the mortgage just dont think i can get one at the moment due to my poor credit. Do many mortgage companies do this any help or advice appericated thanks very much

homer_j_3

it may not be the income multiple that gets you but the level of deposit.

What deposit do you have?
Will the job you go to have a probationary period?
Is it in the same line of work?
When is this likely to happen?