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Joint Mortgage With One Bad Credit Applicant

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Joint Mortgage With One Bad Credit Applicant

Example

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Applicant one has a credit that is clean but applicant two has previously had County Court Judgements. Applicant one is currently trying to get home financing inside their title only but applicant two would be residing during the target and it is gifting the deposit to applicant one. Whilst some loan providers could be thrilled to look at this situation other people will impose some limitations.

Lenders pleased to look at the home loan for applicant one by themselves need the applicant to proof they could pay the home loan on the single income, but will frequently request that applicant two signs a deposit that is gifted and a waiver of liberties towards the home. Read more