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2 applicants can borrow less?
daver9
Posts: 10 Forumite
I've just looked at the "how much can I borrow" calculator on this site and popped in mine and my partners details. The calculator suggested I would get a larger mortgage on my own than with my partner. I work full time and my other half, taking on more childcare responsibilities, earns a part time wage but I figured that any additional earning power would mean a larger overall loan. Does anyone have more info about this, should I apply as an individual? What's the logic here?
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Comments
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It’s not just about the income, what about the outgoings.
If you have little outgoings/credit and your partner has a lot, that can bring it down0 -
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The 365 Day 1p Challenge 2025 #1 £667.95/£391.55
Save £12k in 2025 #1 £12000/£120000 -
No debt but this was just using the MSE calculator
And so this seems like a fairly blunt instrument for giving you a ball park figure and it doesn't ask any questions about outgoings or debt. According to that tool one applicant on 30,000 salary can borrow more than 30,000 + 6,000 so I figured there must be a principle at play0
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