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Can I count my husbands wages as an income?
hatpin81
Posts: 1 Newbie
We are looking to take out a new mortgage however I am aiming to take this out in my name only as my husband has a dreadful credit history which we are working on.
He pays all of his wages into my account each month for me to pay all the outgoings etc.
Will a lender see this as an income as it has been like this for over 2 years
He pays all of his wages into my account each month for me to pay all the outgoings etc.
Will a lender see this as an income as it has been like this for over 2 years
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Comments
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No, I am afraid not, just apply in joint names and see what you get offered.0
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As above, if he is not party to the mortgage, there is nothing stopping him walking away and refusing to pay anything towards it.
How bad is his credit? If you give us a breakdown of what is on there (defaults/CCJs) when from, how much for and what for, we can give you an idea as to whether you can obtain a joint mortgage.I am a Mortgage AdviserYou 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.0
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