TheBlueNile
Registered User
- Messages
- 13
Hi folks
Take the following scenario
An unmarried couple wish to buy a home, the house value is 400k.
Person A has 275k in savings towards purchase, could person B apply for a mortgage on their own of 125k (the balance to buy the house? Person B would satisfy the criteria to borrow 125k on their own. In this scenario Person A is not a first time buyer but person B is.
Would a mortgage application be considered in the above scenario or would bank insist that both apply for the mortgage for the 125k together?
thank you
Take the following scenario
An unmarried couple wish to buy a home, the house value is 400k.
Person A has 275k in savings towards purchase, could person B apply for a mortgage on their own of 125k (the balance to buy the house? Person B would satisfy the criteria to borrow 125k on their own. In this scenario Person A is not a first time buyer but person B is.
Would a mortgage application be considered in the above scenario or would bank insist that both apply for the mortgage for the 125k together?
thank you