Charco
Registered User
- Messages
- 6
I'm wondering if anyone can give me some advice. My wife and I are looking to apply for a mortgage. I have never owned a house but my wife owns a house which she bought with her sister before we met. We now rent an apartment together and my wifes sister rents out a room to a lodger in the house which covers my wife's half of the mortgage.
Therefore my wife does not fall into the 1st time buyer bracket, however neither is she trading up. I wonder how the bank will look on this and if we will still be required to have a 20% deposit in order to secure a mortgage?
Therefore my wife does not fall into the 1st time buyer bracket, however neither is she trading up. I wonder how the bank will look on this and if we will still be required to have a 20% deposit in order to secure a mortgage?