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Sole Mortgage Application

  • 07-02-2014 1:23pm
    #1
    lainypips
    Registered Users, Registered Users 2 Posts: 10 ✭


    Hi just looking for some advice please.

    My partner and I are together 5 years (unmarried) with 2 children. We are currently renting and would like to purchase a home in the near future. The problem however, is that I am currently unemployed with a less than desirable credit history (accrued in the last year due to said unemployment). My partner however, is employed, has an excellent history with the bank, squeaky clean credit and 50K in savings.

    As we have children, is it still possible for him to apply as a single applicant? Would they need to look at my situation, credit history etc?

    Many thanks!


Comments

  • #2
    Trish56
    Registered Users, Registered Users 2 Posts: 1,256 ✭✭✭Trish56


    Your partner can apply for a mortgage in his sole name only. Lender will look for evidence of rent paid so he needs to be showing payment going out of his bank account. Lender will also look for evidence of regular savings over last 6 months.


  • #3
    alleygirl
    Registered Users, Registered Users 2 Posts: 13 ✭alleygirl


    lainypips wrote: »
    Hi just looking for some advice please.

    My partner and I are together 5 years (unmarried) with 2 children. We are currently renting and would like to purchase a home in the near future. The problem however, is that I am currently unemployed with a less than desirable credit history (accrued in the last year due to said unemployment). My partner however, is employed, has an excellent history with the bank, squeaky clean credit and 50K in savings.

    As we have children, is it still possible for him to apply as a single applicant? Would they need to look at my situation, credit history etc?

    Many thanks!

    Try ulster bank we got a mortgage with them last month similar situation as yourself. Found them excellent to deal with.


  • #4
    Borboletinha
    Registered Users, Registered Users 2 Posts: 180 ✭✭Borboletinha


    Sorry to cut in the thread but would you be able to do the same (apply on your own) if you are married? Similar situation but married.


  • #5
    Borboletinha
    Registered Users, Registered Users 2 Posts: 180 ✭✭Borboletinha


    Would a person be able to apply for a mortgage on their name sole if they are married? Does anyone know?


  • #6
    alleygirl
    Registered Users, Registered Users 2 Posts: 13 ✭alleygirl


    Borboletinha wrote: »
    Would a person be able to apply for a mortgage on their name sole if they are married? Does anyone know?

    I don't think so but we got it as a joint application


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  • #7
    phormium
    Registered Users, Registered Users 2 Posts: 3,395 ✭✭✭phormium


    In general all banks insist on a married couple buying a family home applying jointly.


  • #8
    Trish56
    Registered Users, Registered Users 2 Posts: 1,256 ✭✭✭Trish56


    Borboletinha wrote: »
    Would a person be able to apply for a mortgage on their name sole if they are married? Does anyone know?

    Once married the mortgage must be in joint names.


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