If you want to get a joint mortgage and you have a good credit rating but your partner does not, will this mean that a lender would not consider you?

It depends exactly how bad your partner’s credit history is, and how much money they currently owe.

They might ignore a few late payments but will deduct any monthly repayments from their contribution to lending multiplier, lowering the amount you can borrow as a couple.

A poor credit history can be better than no credit history at all sometimes, so just keep them on the straight and narrow for a few months, and try to put together a modest deposit (min 5%) to avoid any Mortgage indemnity fees.

It will also depend whether you are the main income on the mortgage application. Shop around for the best deal and interest rate, there are many deals on offer out there.

Obviously it will depend on several other things but book an appointment with a lender and have a chat. You are not obligated to go with that lender, but it will give you an idea. 
You can try, Halifax. They will also help if you have good deposit to put down. Speak to a financial advisor; they are very helpful. A lot of banks/building societies won’t touch you, though interest rate will be higher too.

So you will be able to get a mortgage but probably not from a high street lender. You’ll probably have to go through one of the companies that charge a higher interest rate. It’s still worth going to your bank or building society before trying elsewhere. 

 

 

 


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