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Re mortgaging and adding partner to mortgage
Ross95
Posts: 14 Forumite
My mortgage fixed deal ends in May.
I would like to get on a 10 yr fixed deal and would like to add my partner to the mortgage.
She will have finished paying a personal loan in April.
As I will be applying for a new mortgage before she has finished paying her loan off will this affect whether we would get approved as a joint application?
The plan is to pay more monthly than I do now and to reduce the term.
I will have 50% LTV
Am I just looking to deep or will that be a problem?
I would like to get on a 10 yr fixed deal and would like to add my partner to the mortgage.
She will have finished paying a personal loan in April.
As I will be applying for a new mortgage before she has finished paying her loan off will this affect whether we would get approved as a joint application?
The plan is to pay more monthly than I do now and to reduce the term.
I will have 50% LTV
Am I just looking to deep or will that be a problem?
0
Comments
-
The loan would need to be disclosed as a liability, but should also be able to be disclosed as being repaid in full before completion. It should therefore not impact upon the financial assessment of a joint remortgage application.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 advice0
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