Contributing 

Can I get a mortgage on my own house?

Leia Doyle

Can I get a mortgage on my own house?

The only way of borrowing on your own when you’re in a joint mortgage, would be to take out an unsecured loan or, if you own another property in your own name, remortgaging or taking a secured loan against that property.

Can you get a mortgage on a house with no bath?

To mortgage a house without a kitchen or bathroom, many lenders will see it as uninhabitable and won’t consider it suitable security, unfortunately.

Is buying waterfront property a good investment?

Lakefront Property Is Generally A Good Investment When considering the best place to buy a lake house, some locations are better than others from an investment standpoint. If your home is in a desired area, built well and on sustainable land, then the chances of its value increasing are high.

Is it harder to get a mortgage as a single person?

Getting a mortgage as a single person is achievable, though inevitably harder on one salary than two incomes. The amount you can borrow is based on your income, your affordability, and the deposit you are able to pay down on the property.

What stops a house being mortgageable?

Property is uninhabitable if it is derelict, partly derelict, not weatherproof or not secure. Properties without a kitchen or a bathroom. A property without either of these basic essentials won’t qualify for a mortgage. Some lenders won’t give a mortgage on a property with no heating either.

Will damp stop me getting a mortgage?

As already explained, it’s unusual for a lender to reject your mortgage application on the basis of a damp problem. But if the damp problem is very severe, this may result in a complete rejection.

Where is the cheapest waterfront property?

The 10 Most Affordable Places to Buy a Beach House

  • 10 Melbourne, Florida. Stephen Wood / EyeEmGetty Images.
  • 9 Fort Walton Beach, Florida. Dwayne Mcfarlane / EyeEmGetty Images.
  • 8 Fort Pierce, Florida.
  • 7 Ocean Springs, Mississippi.
  • 6 Pensacola, Florida.
  • 5 Biloxi, Mississippi.
  • 4 Bay St.
  • 3 Gulfport, Mississipi.

Where is the best place to buy waterfront property?

What Are the Best Places to Buy Waterfront Property in the U.S.?

  • Ocean City, NJ.
  • Cape Charles, VA.
  • Vero Beach, FL.
  • Boca Raton, FL.
  • Traverse City, MI.
  • Bluffton, SC.
  • Cambria, CA.
  • Anna Maria, FL.

Can you be on a joint mortgage without a job?

The short answer is yes, however as with any joint mortgage it is subject to you meeting the lender’s affordability criteria and it may restrict the amount you can borrow. This is because lenders will look at the monthly commitment on the other property and deduct it from your disposable income.