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Joint Mortgages

Are you dreaming of owning a home but finding it challenging to qualify for a mortgage on your own? A joint mortgage might be the perfect solution for you.

At Deedle, we specialise in helping individuals and couples explore the benefits of joint mortgages, allowing you to join forces and secure your dream home together. With our expertise and wide range of lender connections, we'll guide you through the process and find the best joint mortgage options available in your area.


Begin Your Mortgage Journey Today

How To Get A Joint Mortgage

Step 1
Apply Via Our Simple Online Form
Provide us with essential details such as your names, contact information, income, and the desired loan amount. This step allows us to gather the necessary information to assess your eligibility for a joint mortgage.
Step 2
Get A Call From The Deedle Team
Our dedicated team will reach out to you promptly to discuss your joint mortgage requirements and answer any initial questions you may have. We’ll guide you effectively through the mortgage process.
Step 3
We Check Your Eligibility
We will conduct a thorough eligibility check and review factors such as combined income, credit scores and affordability to help find lenders who are more likely to approve your joint mortgage.
Step 4
Get The Best Joint Mortgage Offer
We will present you with the most competitive joint mortgage offer available in your area and guide you towards selecting the best deal that aligns with your goals and financial situation. Apply online now!

What Is A Joint Mortgage?

A joint mortgage is a type of home loan that involves two or more individuals, typically partners, family members or friends, applying together to purchase a property. With a joint mortgage, all borrowers are equally responsible for the mortgage repayments and share ownership of the property. This means that each borrower has a legal interest in the property and can contribute to the mortgage payments, property taxes and maintenance costs.

Joint mortgages can be a beneficial option as they combine the incomes and creditworthiness of multiple borrowers, increasing the chances of qualifying for a larger loan amount and expanding the range of affordable properties that can be purchased.


How Does A Joint Mortgage Work?

A joint mortgage works in the following way:

  • Shared Ownership: With a joint mortgage, all borrowers are joint owners of the property. This means you’ll share ownership rights, responsibilities and potential equity gains or losses.
  • Joint Application and Assessment: All applicants must go through the mortgage application process together. Lenders will assess the combined income, creditworthiness and affordability of all borrowers to determine eligibility and loan terms.
  • Legal Agreements: It is important to establish legal agreements such as a joint mortgage deed or a co-ownership agreement to outline ownership shares, responsibilities and potential exit strategies. Seeking legal advice is recommended to ensure clarity and protection for all parties involved.

Deedle Finance’s team of mortgage experts is here to guide you through the entire process of obtaining a joint mortgage. With their extensive knowledge and experience, they will provide personalised assistance and ensure a smooth journey towards securing the joint mortgage that fits your needs and goals.

Where Can I Get A Joint Mortgage?

Joint mortgages are available across the UK. Areas include:

  • Birmingham
  • Bristol
  • Edingburgh
  • Glasgow
  • London
  • Leicester
  • Manchester
  • Nottingham
  • Newcastle
  • Warwick
  • York

What Different Joint Mortgages Are Available?

Fixed-Rate Joint Mortgages

  • Offers a fixed interest rate for a predetermined period, typically 2 to 5 years.
  • Provides stability and predictable mortgage payments throughout the fixed-rate term.
  • Ideal for borrowers who prefer a consistent monthly payment and want to budget with certainty.

Variable-Rate Joint Mortgages

  • Interest rate fluctuates based on market conditions and the lender’s standard variable rate.
  • Payments may increase or decrease over time, depending on interest rate changes.
  • Offers potential savings if interest rates decrease but involves the risk of higher payments if rates rise.

Tracker Joint Mortgages

  • Linked to a specific economic indicator, such as the Bank of England base rate.
  • Interest rate “tracks” the specified indicator, with a set percentage added to determine the actual rate.
  • Changes in the chosen indicator result in corresponding adjustments to the mortgage rate.

Get The Best Joint Mortgage Rates With Deedle

Why Should I Use Deedle Finance to Find My Joint Mortgage?

At Deedle, we pride ourselves in:

  • Expert Guidance: Our experienced mortgage advisors specialise in joint mortgages and will provide personalised guidance throughout the entire process.
  • Wide Range of Lenders: As a trusted mortgage broker, we have established relationships with numerous lenders, including those who offer joint mortgage products.
  • Streamlined Application Process: We take the hassle out of applying for a joint mortgage. Our team will gather the necessary information, prepare your application, and liaise with the lenders on your behalf, ensuring a smooth and efficient process from start to finish.
  • Tailored Solutions: We understand that every joint mortgage is unique. Our experts will work closely with you to understand your specific needs and financial circumstances to find the joint mortgage that best fits your requirements.

Don’t let homeownership remain a distant dream. Explore the possibilities of joint mortgages and embark on your homeownership journey with a trusted partner by your side. Contact Deedle today to schedule a consultation with one of our experienced mortgage advisors and together, we’ll make your dream of owning a home a reality.

Why Should I Choose A Joint Mortgage Instead Of Sole Ownership?

Comparing joint mortgages to sole ownership allows you to evaluate the advantages and disadvantages of each option.

Sole ownership provides full control and responsibility but may have limitations in terms of borrowing capacity.

Joint mortgages, on the other hand, offer shared responsibilities and increased affordability but require careful coordination and shared decision-making.

What Are The Common Misconceptions About Joint Mortgages?

There are a number of misconceptions about joint mortgages, these include:

  • The notion that joint ownership always requires equal shares
  • The belief that one borrower’s poor credit will automatically disqualify the application
  • The assumption that joint mortgages are exclusively for romantic partners

Joint mortgages instead offer a number of benefits to home-buyers such as increased borrowing power, shared responsibility for repayments and the ability to afford a larger or more desirable property.

Find The Cheapest Deals For A Joint Mortgage

What Do I Need To Consider Before Getting A Joint Mortgage?

Before taking out a joint mortgage, there are several important factors to consider:

  • Financial Responsibility: Understand that all borrowers are equally responsible for the mortgage repayments, so ensure that everyone involved is committed to meeting their obligations.
  • Legal Agreements: Consider drafting a legal agreement, such as a deed of trust, to outline the rights, responsibilities and ownership shares of each borrower.
  • Communication and Decision-making: Establish clear lines of communication and decision-making processes among the borrowers to ensure a smooth collaboration throughout the mortgage term.
  • Exit Strategy: Discuss and plan for potential scenarios, such as a borrower wanting to sell their share, relationship breakdown or changes in financial circumstances.

Taking the time to address these considerations will help you make an informed decision and ensure a successful joint mortgage experience.

Am I Eligible For A Joint Mortgage?

To be eligible for a joint mortgage, lenders typically consider the followng factors:

  • Creditworthiness – a lender will likely review your credit score and past borrowing and repayment behavior, which is evaluated by lenders to assess the risk of lending.
  • Income – the total earnings of all applicants who are applying for a joint mortgage will be taken into account by lenders to assess the borrowing capacity.
  • Affordability – this refers to the ability of borrowers to comfortably meet the financial obligations of a mortgage, taking into consideration factors such as expenses and other financial commitments.

Lenders will assess the combined financial strength of all applicants to determine their suitability for the mortgage. Meeting the eligibility criteria may require providing supporting documentation, such as proof of income and identification.

Frequently Asked Questions About Joint Mortgages

Can I Apply For A Joint Mortgage With A Friend Or Family Member?

Yes, joint mortgages are not limited to romantic partners or spouses. You can apply for a joint mortgage with a friend, family member or business partner, as long as you meet the lender’s requirements and are willing to take on shared financial responsibility.

How Is The Ownership Share Determined In A Joint Mortgage?

The ownership share in a joint mortgage is typically determined by the percentage of the property’s value that each borrower contributes. However, you can establish different ownership shares by mutual agreement.

It’s important to clarify the ownership arrangement and seek legal advice to protect the interests of all parties involved.

What Happens If One Borrower Can No Longer Contribute To The Mortgage Payments?

In a joint mortgage, all borrowers are equally responsible for the mortgage repayments. If one borrower is unable to contribute, the other borrowers must ensure the payments are made in full and on time to avoid any negative consequences, such as late payment fees or damage to credit scores.

It’s crucial to have open communication and a plan in place to address any potential financial challenges.

Can I Remove A Co-borrower From A Joint Mortgage In The Future?

Removing a co-borrower from a joint mortgage can be complex and will depend on various factors, including lender policies and legal agreements. Generally, to remove a co-borrower, you may need to refinance the mortgage in the remaining borrower’s name or seek consent from the lender.

Can I Apply For A Joint Mortgage If One Borrower Has A Poor Credit Score?

Yes, joint mortgages can be beneficial in such situations. Lenders consider the combined credit scores and income of all borrowers. If one borrower has a lower credit score, the other borrower’s stronger credit history may help offset the risk, increasing the chances of mortgage approval.