Right to Buy age issues

Mummy007

I’m 64 and on disability benefits my Son aged 22 and myself have been accepted to Right to Buy,  we need £29,000  Mortgage, my sons income is secure with  good, excellent credit score.
The mortgage must be in joint names as I have the RTB discount (30+year),   for income purposes I am  a  non payer due to my age and income being an issue.  He will be paying the full mortgage  as he does with our rent, which will be a lot lower than the current rent.
 Is there any way it can be a joint mortgage based on just my sons income.
Thank you

[Deleted User]

 Don't see why not. I'm on our mortgage and didn't work and had no income when we applied.

AnotherJoe

NOte that because of OPs age the mortgage duration may be reduced from the norm 25-30 years, for example to 16 years to take OP to age 80, in which case a 16 year mortgage may be more expensive than thought if they were looking at say 25 year mortgage.

Also as its £29k might have to borrow a little more since from what I've read £30k is usually the minimum mortgage size.

MovingForwards

There are some lenders who do £15k minimum, others do £25k minimum.
The payments wouldn't be eye watering for a short £29k mortgage.
I'm not sure if RTB and joint proprietor sole mortgage work together.

Maybe @haras_n0sirrah or @kingstreet may be able to shed some light?

Cscott139

There are lenders who will base the mortgage term on your sons age if your income isn't needed for affordability so it will be a benefit if your income isn't needed. The 29k should be fine as well and a couple of lenders will give you a bit extra if any home improvements are planned.

Mummy007

Thanks everyone