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Help to buy: one income

Nathan.Haley
Nathan.Haley Posts: 1 Newbie
in House buying, renting & selling
Hi,

Can anyone offer advice about this? My wife and I have seen a house we're interested in, talked to mortgage advisers etc. However, I'm the sole earner in the household as a teacher. My wife is a student. Does anyone know if we could use her help to buy isa as well as mine even though she technically doesn't have an income.

Thanks,
A nervous first time buyer.

Comments

  • MERFE
    MERFE Posts: 2,133 Forumite
    Part of the Furniture 1,000 Posts
    She is buying with you in joint names so of course. We only had 1 income when we bought recently and both have lifetime Isa for the deposit.
  • Simby
    Simby Posts: 240 Forumite
    Mortgage-free Glee!
    If you are buying in joint names then yes of course. I.e both names on title both names on mortgage.

    But and some banks allow this you are buying it yourself with only your name on title and she is signing the appropriate forms the banks ask for in this scenario , then no you can only use your isa.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You'll need to pass the lenders affordability tests taking into account your wife's financial dependence on you.
This discussion has been closed.
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