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april87
Posts: 353 Forumite
Ok, this could be totally illegal but I thought I'd ask as I can't seem to find anything about it on-line.
Basically my credit history could be better, OH is pretty decent. Want to move to a bigger place, OH has a mortgage already but due to my credit past, it wouldn't be doable within the next 2 years. After speaking to my OH, he asked whether he could class my income (I pay into his account every month bill money etc), could he use that as his own/other income to potentially get a bigger mortgage? So for example, his income would be boosted from 22k of his own to 42k with adding mine into his account? If that makes any sense?
Thanks
Basically my credit history could be better, OH is pretty decent. Want to move to a bigger place, OH has a mortgage already but due to my credit past, it wouldn't be doable within the next 2 years. After speaking to my OH, he asked whether he could class my income (I pay into his account every month bill money etc), could he use that as his own/other income to potentially get a bigger mortgage? So for example, his income would be boosted from 22k of his own to 42k with adding mine into his account? If that makes any sense?
Thanks
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Comments
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No, not possible I'm afraid.0
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I did think this would be the case, and I did tell the OH but as always wanted to double check. Thanks
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Lenders want to see your wages from your wage slip going into your account. If they see someone else's income coming in they will ask why.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
There is a way to use that income it would be committing mortgage fraud but I have seen it done in the past as an underwriter and there are ways lenders can find out. So don't do it!I am a Mortgage & Protection Broker
MSE doesn't check my status so you have to take my word for it. Any information posted is for discussion only and should not be seen as advice. I am FCA Registered, registration details available on request.0 -
No, I did think it was fraud, but glad I have it confirmed. Thanks0
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