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Joint mortgage application - disclosing documentation to other mortgagor

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jamezm
jamezm Posts: 20 Forumite
Part of the Furniture 10 Posts Combo Breaker
in Mortgages & endowments
Hi. Quick question, I hope! If two people apply for a joint mortgage, will each of them see supporting information and documents supplied by the other such as payslips, credit file, etc.? Or can that be kept confidential?

Comments

  • kingstreet
    kingstreet Posts: 39,256 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I can't speak for all brokers but post-submission we issue copies of factfind, application, illustration etc to all applicants, so the information therein is common. We wouldn't share bank statements, payslips etc between applicants if they came in separately.
    I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • Emmia
    Emmia Posts: 5,638 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    I personally wouldn't take a joint financial product like a mortgage with anyone who would be uncomfortable disclosing this type of information.  

    Don't want to be left high and dry.
  • Myci85
    Myci85 Posts: 397 Forumite
    Eighth Anniversary 100 Posts Name Dropper Combo Breaker
    Yep I second that, applying for a joint mortgage is a huge financial commitment. I also wouldn't be happy to take one out with someone who was not being open and honest about their financial situation. 
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