Mum wants me to help her get a mortgage

EssexHebridean

There are very few lenders who will accept someone being on the mortgage and not also named on the title, in fairness. Some, certainly, but not necessarily those who someone who is already deemed to be a poor risk in their own right might stand a chance of being accepted by!

OP - the two biggest things here for me are the fact that you are clearly uncomfortable around the "what ifs" on this - whether directly related to your Mum's financial situation, or due to other factors isn't clear - but that level of "gut-feeling" should be listened to. Second - the likely loss of your FTB status is a significant one, and if combined with the fact that you would feasibly be named as part owner of another property at the time you came to buy, that could leave you in a position where stamp duty on any future purchase of your own home would be at the higher rate. 

This is an awful position you have found yourself in, and I wish you luck on finding a non emotive way of tackling the subject and saying "No, I'm sorry, but I can't do that". 

Bookworm105

confusing, is your mother trying to buy a property for her partner which he could not afford on his own?
why is their combined income 24+60 not enough, but apparently your combined income 34+60 is?

She is being totally selfish by impacting your position - as you say, you lose things you only get once
Being on a mortgage, even if you do not physically pay it, will make it next to impossible to get one of your own on a 34k income that is, on paper, allocated against a property that apparently required 94k joint

FlorayG

Absolutely and completely do not do it
Why? Because regardless of the pros and cons, you actually say she is gaslighting you. That in itself is enough for you to say NO

Sea_Shell

Sometimes you just have to do what's right for you, and if family get upset, that's on them.

Brie

What everyone else says plus - how will this impact you setting up your business? 

You might need to get a line of credit for that and not be able to if you are showing as owing on a mortgage.  It won't matter to a bank that mom is paying it all as you'll also be responsible for the money and that will limit what might be available for your business enterprise and might also be of concern to any investors outside of a bank as well.  

Silvertabby

Don't do it.  Having this mortgage debt on your record will be taken into account when/if you need a business loan, or want to rent somewhere to live.

Debbie9009

Definitely don’t do this, as others have said this will have a huge impact on you financially, and your Mum putting this much pressure on you is a huge red flag, what happens when you want to come of the mortgage to buy your own home, how much more pressure which she put on you.

You are not in an easy position right now, but try and think about how much more difficult it would be to come of the mortgage at a later date, than it is to say no now.

Schwarzwald

dont do it.
if your mum gets mad at you.
she is in the wrong not you.
the fact alone that she asks you to do this is a clear indication that something is wrong.
feels like your roles are reversed ... no fully grown up adult would put forward such an ask and then emotionally blackmail you into it.

Just No.

ian1246

This is borderline domestic abuse. Do not do this.

Herzlos

If you're worried about the fall out from saying no, then I'm sure taking out more credit to start the business up will cause you to fail the affordability criteria too. Just be sure that you'd pay it back as quickly as you could.