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Clear Advice on Options for mortgage

Hello
Two friends want to buy a house together but one does not need a mortgage and will supply all of the deposit required.



What are the options for the mortgage application?


The friend supplying the deposit does not want to be named on the mortgage if possible.....

Comments

  • ACG
    ACG Posts: 24,690 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    From other posts on here, the only lender who will do more on the deeds than on the mortgage is HSBC.
    I am a Mortgage Adviser
    You 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.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Even then lender will want he whole house as security..
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    They better come to an agreement beforehand on how the proceeds are to be split once the house is sold.
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