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Married but mortgage as a single applicant.

  • 09-12-2020 2:03pm
    #1
    elius
    Registered Users Posts: 1,204 ✭✭✭


    Has anyone managed to buy a house as a single applicant even though they are married. My significant other has very little interest in buying but I'm thinking if like to make an investment. I'm currently a non property owner so think I'd be considered a first time buyer.
    Any help appreciated.


Comments

  • #2
    phormium
    Registered Users, Registered Users 2 Posts: 3,345 ✭✭✭phormium


    No bother doing it in sole name if you are buying it as an investment property, different though if you intend to both live in it as family home, then it's most likely all lenders will want both names on mortgage.


  • #3
    risteard7
    Registered Users Posts: 879 ✭✭✭risteard7


    phormium wrote: »
    No bother doing it in sole name if you are buying it as an investment property, different though if you intend to both live in it as family home, then it's most likely all lenders will want both names on mortgage.

    Similar situation myself, what if one of the applicants has a poor credit rating that would affect approval?


  • #4
    beggars_bush
    Registered Users, Registered Users 2 Posts: 4,611 ✭✭✭beggars_bush


    risteard7 wrote: »
    Similar situation myself, what if one of the applicants has a poor credit rating that would affect approval?

    2 people applying will reduce risk to a lender


  • #5
    gogo
    Registered Users, Registered Users 2 Posts: 1,452 ✭✭✭gogo


    risteard7 wrote: »
    Similar situation myself, what if one of the applicants has a poor credit rating that would affect approval?

    Yes, it will unfortunately. You can always make a case though, it’s ok to have a poor rating and show that it was addressed - as in you’ve now paid it back, if you’ve walked away from any debt and made no attempt to pay it back they won’t look at you.
    Where there was a bad debt it’s always worth making a case and explaining what happened. Crap happens in life, every person is different but unlikely to get approval if you washed your hands of something previously.


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