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

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  • 11-04-2010 8:31pm
    #1
    activegal
    Registered Users Posts: 34 ✭


    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


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    #2
    testicle
    Closed Accounts Posts: 5,430 ✭✭✭testicle


    either or


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    #3
    Victor
    Registered Users Posts: 78,364 ✭✭✭✭Victor


    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.


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