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question regarding joint mortgage & credit scoring
ickledee
Posts: 170 Forumite
If one party has a poor credit score and the other excellent would the party with the excellent score pull the other through the credit check when applying for a joint mortgage?
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Comments
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No - the party with the adverse credit would pull the other down, and affect the rates available depending on the severity of the bad credit historyI am a Mortgage AdviserYou 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.0
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Possibly. Although a joint application will cause a permanent financial link with each other, possibly rendering the person with the excellent score unable to get a mortgage, even on their own.I consider myself to be a male feminist. Is that allowed?0
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Thanks for your replies
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