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legal position

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juno46
juno46 Posts: 2 Newbie
in Mortgages & endowments
my name is on a joint mortgage with ex husband. my salary was never taken into consideration in the mortgage application. can i apply for a mortgage in my own right before this house is sold? I am requesting guidance under scottish law

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  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Whilst I don't know sccottish law I find it hard to believe there is a law against someone having two mortgages !
    What's more to the point is, will a lender deem you earn sufficient to repay it. The fact your salary wasn't taken into account will be neither here nor there, you are still liable to pay it.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    If you can meet affordability for both mortgages then you can have both mortgages. However, an additional 3% LBTT will be due on the purchase of the new property.
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