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Correct at 06/09/2021

Apply for a joint mortgage with L&C

If you’re looking to buy a property with someone else, we can help you find the best mortgage deal to suit your needs.

You can compare all the top mortgage deals from across the market using our online Mortgage Finder, and our expert advisers are on hand to provide you with all the help and advice you need.

Once we’ve found the right joint mortgage for you, you can apply online and one of our dedicated case managers will support you through your application. Get started today and see how L&C can help you secure a joint mortgage.

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Finding the best joint mortgage deal

A joint mortgage can be a great way to get onto the property ladder if you don’t think you’d be able to afford to buy on your own. It could also be a good option if you want a larger property or to buy in a more expensive area than you can currently afford.

Most people take out a joint mortgage with a partner, or their parents, but you can also pool your resources and take out a joint mortgage with friends. Lenders typically allow up to four people to buy together.

A joint mortgage should be seriously considered before committing to. Each person named on the mortgage is jointly liable for the mortgage debt, so if one person can’t keep up with the payments, the others will need to make up the shortfall. You’ll also need to consider what would happen if one of you wants to move out or sell their share in the property at any point. It’s important to seek professional legal advice on the options available to you when it comes to ownership of the property, so you know exactly where you stand if things change in the future.

Here at L&C we can explain everything you need to know about joint mortgages so that you get the best deal for your circumstances. Find out more about how they work in our guide: ‘Joint mortgages’.

Joint mortgage FAQs

How much can we borrow for a joint mortgage?

You can typically borrow up to four or five times your income, although this will vary from lender to lender. Use our joint mortgage calculator to get an idea of how much you might be able to borrow.

Can I get a joint mortgage with a low credit score?

When you apply for a joint mortgage a lender will take all applicants’ credit scores into account when deciding whether to offer you a mortgage, so you could find getting a mortgage more difficult if one of you has a bad score. Find out more here: ‘What credit score is needed to buy a house?’

What happens to a joint mortgage if you divorce?

If you have a joint mortgage and divorce, you can either sell the property and both move out, one of you can buy the other out, or you can continue to keep the property in joint names but one of you moves out. Find out more in our in our ‘Guide to divorce and mortgages’.