Headscratch
Registered User
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- 1
Recently myself and wife have been looking into getting a mortgage. My wife has a bad credit rating . I have a good credit rating and have managed to save what would be about 30 % of our mortgage.I work abroad and am out the country most of the time while my wife is at home and we are now renting and have been for 5 years.
My question is that recently i spoke to a mortgage advisor who informed me that because of my wife's credit rating we would not be able to get a mortgage for a family home. So he has advised me that i should apply as an expat invest property on my own and that i should put single on my application.
The last piece here is what i am asking about. What are the implications of putting single on the application when i am married. I understand that the interest rate will be slightly higher and that i have to sign a declaration that it will be Buy to Let property. Also is it necessary to put single could i apply for this type of mortgage as married.
Cheers
My question is that recently i spoke to a mortgage advisor who informed me that because of my wife's credit rating we would not be able to get a mortgage for a family home. So he has advised me that i should apply as an expat invest property on my own and that i should put single on my application.
The last piece here is what i am asking about. What are the implications of putting single on the application when i am married. I understand that the interest rate will be slightly higher and that i have to sign a declaration that it will be Buy to Let property. Also is it necessary to put single could i apply for this type of mortgage as married.
Cheers