Who is the 'main applicant' in a joint mortage application?

activegal · 2010-04-11 19:31:42

Hi - could someone confirm to me who the main applicant is in a joint mortgage application? Would it the older person or the one earning the most? I am a few years older than my husband but earn less, so should I assume that A. the mortgage term would be based on my age & B. my earnings considered the main earner? Is this…

11-04-2010 08:31PM

#1

activegal

Registered Users, Registered Users 2 Posts: 34 ✭

Join Date: May 2008

Posts: 21

Hi - could someone confirm to me who the main applicant is in a joint mortgage application? Would it the older person or the one earning the most? I am a few years older than my husband but earn less, so should I assume that A. the mortgage term would be based on my age & B. my earnings considered the main earner? Is this generally negotiable with the bank (i know probably even more difficult in the current climate)..

Thank you...
AG

0

Comments

#2 11-04-2010 08:37PM

testicle

Closed Accounts Posts: 5,426 ✭✭✭

Join Date: April 2005

Posts: 5248

either or

0
#3 11-04-2010 09:06PM

Victor

Registered Users, Registered Users 2 Posts: 78,904 ✭✭✭✭

Join Date: December 2000

Posts: 69261

I would think the higher earner, although I don't think you will be treated any differently in reality. However, I suspect all correspondence would be sent to the main applicant.

A distinction will be made between the main applicant and anyone acting as guarantor.

Ultimately, you will need to check with the bank.

0