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Secured Loan Using Partners Income
Hi There,
I need some secured loan advice.
I currently own my property at around 50% LTV, i have debts that im wanting to consolidate and take out a secured loan. The problem is im on a low income due to sickness. My partner and i have been living together now for 12 years and his income is much higher. What i want to know is can we apply for a loan together if i agree for the loan to be secured against the house or as its only my name on the mortgage would only i be able to apply with my income which wouldnt get approved due to affordability.
Thanks in advance for the information.
I need some secured loan advice.
I currently own my property at around 50% LTV, i have debts that im wanting to consolidate and take out a secured loan. The problem is im on a low income due to sickness. My partner and i have been living together now for 12 years and his income is much higher. What i want to know is can we apply for a loan together if i agree for the loan to be secured against the house or as its only my name on the mortgage would only i be able to apply with my income which wouldnt get approved due to affordability.
Thanks in advance for the information.
0
Comments
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Do not turn unsecured debt into debt secured against your home. If you are struggling to repay your debts contact one of the debt charities for advice; CAP UK, National Debtline or Step Change.0
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