Hi!
Myself and family have moved around the UK a few times due to job promotions for my partner so we have been renting properties. We have sold the properties we owned previously so we have no chain with buying. We’re now settled and staying put so we are wanting buy a house.
Due to the moves and my son having additional needs I stopped working a few years ag:mad:o stay at home with the children.
My partner earns good money and we don’t claim anything-no child benefits or DLA etc, so no direct income to myself other than what my partner gives me.
We have been speaking to a mortgage broker (family friend) about mortgage offers and we are restricted because of my partners earnings- his basic is very low compared to his overall earnings. We have been finding that a lot of lenders won’t consider us.
We have found a few that will consider us, however now the broker is insisting on putting myself as a joint applicant instead of a dependent. Does anybody have any experience of putting a partner (not wife, we never got round to getting married!) as a dependent instead of a joint applicant? Did it have any impact?
I don’t have any issues with being put down as a joint applicant (I do have some credit card debt that I am paying off and a good credit rating) I just worry that because I have zero income I am affecting the overall affordability.
I am planning on returning to work towards the end of this year, but we are hoping to buy in the next few months.
Any help would be appreciated!
If you managed to read all the way through thanks!!! 😂