Is a mortgage better with 1 or 2 people if one of them doesn't work?

cookie_eyed_keith

I'm thinking of putting some of my savings into a lifetime ISA to put towards a deposit on a house with my partner at some point in the future. My partner is chronically ill and can't work so we only have my income (33k). I have enough savings to put 4k into a LISA for each of us. However what I'm wondering is, if my partner isn't working, when we come to getting a mortgage will we have a better chance of getting one if it's just me on the mortgage or both of us? As if it's better with just me on then presumably we couldn't use the money in his LISA towards a deposit? 

Thank you for your help.

MalMonroe

You may be just as well contacting a mortgage broker for some help and advice with this. It's clear to me that you don't want your partner to be disadvantaged or suffer at all. As long as you have a legal agreement that if anything happens to you, your partner will be taken care of, I don't see why you couldn't have just your name on the mortgage.  

Are you both first time buyers? If so I can't see any problem with both of you using LISAs to buy a property. 

There's some REALLY helpful information from Martin in this link - https://www.moneysavingexpert.com/savings/lifetime-isas/

ACG

It depends, you may get more money on a single application - but some lenders may accept any benefits your partner to get.

The flip side is, what happens if you make a single application and you die? How does your partner get a mortgage on their own? 

You could get a Will and Life insurance, but its more inconvenient to the survivor sorting out paying off a mortgage and grieving. 

cookie_eyed_keith

Thanks for your comments both of you, those are some good points.