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Mortgage question - Buying with partner
denisekingston
Posts: 17 Forumite
Hi,
My partner and I have been together for three years and I like us to buy a house and live together some day soon.
I will be a first time buyer, he already owns another property. Say we want to get a £600K property, he can pay 75% £450K by cash, and I will stump up the remaining 25% £150K. Is it simply just me getting a mortgage of £150K by myself (my salary is £50K pre-tax) - whilst the house is in both of our name with equity based on that percentage share?
Any advise on the best way to get around this will be much appreciated.
My partner and I have been together for three years and I like us to buy a house and live together some day soon.
I will be a first time buyer, he already owns another property. Say we want to get a £600K property, he can pay 75% £450K by cash, and I will stump up the remaining 25% £150K. Is it simply just me getting a mortgage of £150K by myself (my salary is £50K pre-tax) - whilst the house is in both of our name with equity based on that percentage share?
Any advise on the best way to get around this will be much appreciated.
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