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Mortgage Advice
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Mortgagehelp123
2 Posts
(Offline)
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29/06/2021 - 11:47 am

Hello,

Thank you for providing a forum to ask these kind of questions

Essentially me and my partner are looking to purchase a house. My partner is buying the house using her own money as a deposit and looking to get a mortgage to buy her parents property. She is at the upper limit of affordability but advise so far states she will be eligible for the correct amount based on the affordability check

Because I have poor credit history, and a CCJ, I will not be participating purchasing the house and I also do not want rights to it. We have no financial connections, but I will however be living in this house.
To make this a little more complex we are living in the house at the moment as a tenant of which I am registered on the electric roll

My partner is unsure whether it should be declared that I will be living in this house and if we do will my credit have an adverse effect on my partners chance to be approved for a mortgage?

Thanks in advance

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David@SimplyAdverse
111 Posts
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29/06/2021 - 11:48 am

Thanks for getting in contact.

In terms of disclosure it's always important to make the true situation clear to a lender, the key to a situation such as this is ensuring you are using a lender that will be comfortable with it.

On face value this scenario should be possible.

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Mortgagehelp123
2 Posts
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29/06/2021 - 11:48 am

Hi David,

Thanks for the prompt response. Because she will not be financially dependent and me, and because I can absolve all rights, will my poor credit have an adverse affect on her application?

thanks

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David@SimplyAdverse
111 Posts
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29/06/2021 - 11:48 am

Whilst not completely out of the question there are very few lenders that will link you in this way.

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