Joint Mortgages
What is a joint mortgage?
A mortgage loan taken out with one or more person(s)
Each person is named on the loan stating the equity split
Each person is responsible for paying for their share of the mortgage loan
Joint mortgages are open to couples and groups
Most mortgage types give you the option for joint deals
A joint mortgage allows you to put incomes together to buy a more expensive property
Each person’s earnings, credit history, and monthly spend are calculated to see how much you can borrow to create a combined offer
Having a combination of savings can help pay a higher deposit giving you access to better mortgage rates and terms