About The Author

mortgage broker damian youell

See some of Damian’s client reviews below

Damian is an experienced mortgage broker, founder of NeedingAdvice.co.uk Ltd and company director. With over a decade working as a mortgage broker he has a strong understanding of hard to place mortgage cases. With hundreds of 5 star client reviews. hundreds of repeat clients his work speaks for himself.

He started NeedingAdvice.co.uk as a one man band with the philosophy of putting clients needs ahead of his own. This ethos of offering excellent customer service has helped the business grow over the years. He gets satisfaction on getting cases pushed through to offer stage where other mortgage broker and companies have failed.

Throughout his time as an adviser he has carved out a niche area of advice helping clients with their business protection requirements too. Having helped hundreds of client with Relevant Life Policies, Shareholder Protection Insurance, Keyperson Policies and other important protection requirements of large to small businesses.

At home he is a family man and likes to spend his time with his four children and wife Lisa. He enjoys going on holidays spending time with friends and going for walks.


Getting a joint mortgage with a girlfriend, partner, wife, or even sibling can be a great way to buy a home together. With the right approach, it can be one of the most rewarding financial decisions you make as a joint applicant. In this article, we’ll cover some of the basics of mortgages with a girlfriend (or other significant other), including how to determine eligibility, the advantages and disadvantages of getting a joint mortgage, and tips for making sure it all works out in the end. We’ll also discuss some of the important legal and financial considerations to keep in mind when approaching this type of mortgage. Read on for more advice on how to get a joint mortgage with your girlfriend.

This article offers a panoramic view of the landscape, touching upon key components like monthly payments, mortgage terms, credit scores, and more. The aim is to provide a roadmap for couples eyeing this important milestone.

Damian Youell

Feel Free To Start WhatsApp Chat With Us...

How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

Feel Free to Contact Us

Understanding Your Financial Landscape

Affordability Calculations and Monthly Mortgage Payments

Before diving into this joint venture, it’s essential to undertake a thorough affordability calculation. This involves scrutinising income levels, credit card debts, bank statements, and outstanding balances. Mortgage providers often require this financial health check to gauge your eligibility for mortgage products and determine your maximum loan amount.

Income Proof, Minimum Income, and Joint Applications

A joint application often necessitates comprehensive income proof from both parties, including but not limited to recent pay slips, tax year overviews, and even rental income, if applicable. Providers typically have a minimum income criterion, which must be met or exceeded to progress with the mortgage application.

Product Fees and Repayment Mortgages

Different mortgage products come with unique product fees. Whether you choose a repayment mortgage or another type of mortgage, these fees can significantly impact your monthly payments and overall financial plan.

Understanding Property Types and Getting a Property Valuation

Property Price and Property Valuation

The property price is contingent on a valuation conducted by a qualified surveyor. This evaluation impacts not just the purchase price but also your loan size, particularly if the surveyor identifies essential repairs or comments on the marketability of the property.

Residential Property vs. Rental Property

While a residential property might be the obvious choice, don’t discount the idea of investing in a rental property. The rental income could bolster your affordability calculation, thereby potentially enhancing your borrowing capacity.

Various Mortgage Products and Terms

Fixed, Variable and Tracker Rate Mortgages

The market is saturated with mortgage products for point applicants, like tracker-rate mortgages, fixed-rate mortgages, and variable-rate mortgages. Your current level of financial comfort and future outlook will dictate the most suitable product for you.

Maximum Term and Mortgage Balances

The length of the mortgage term impacts your monthly mortgage payments and outstanding mortgage balances. A shorter-term results in higher monthly payments but a quicker repayment period, while a longer term has the opposite effect.

Product Switch and Remortgage Applications

In due course, you may consider a product switch to capitalise on better interest rates or apply for a remortgage. These decisions should be made carefully, especially considering any product switch application fees and remortgage eligibility criteria.

Understanding Legal Aspects and Financial Nuances

Joint Names, Gifted Deposits, and Housing Associations

Having the mortgage in joint names implies shared responsibility for mortgage repayments. You might also be fortunate to benefit from gifted deposits or partake in housing association schemes that affect your mortgage details and affordability purposes.

Universal Credit and Capital Raising

If either of you is receiving Universal Credit or planning on capital raising for business purposes, this needs to be factored into your overall financial planning.

Contingencies and Long-Term Considerations

Emergency Funds and Employment Contracts

An emergency fund covering at least three to six months of expenses is advisable. Your type of employment—whether permanent, contract, or freelance—can impact your mortgage application. Ensure you have a current contract or evidence of permanent employment.

Negative Equity and Future Planning

Understanding the implications of negative equity and future market trends is crucial. Your ability to sell the property later, particularly in a downturn, should be an acceptable subject of discussion.

Exit Strategy and Future Considerations

Sale Proceeds and Prenuptial Agreements

Planning your exit strategy right from the start is important. Should the relationship end or a partner die (in which case, a will becomes pertinent), how will the sale proceeds be divided? A prenuptial agreement, although commonly associated with marriage, can be adapted for the purposes of co-owning property with your girlfriend or boyfriend.

Future Mortgage and Repayment Charges

Your current mortgage is not set in stone. Future mortgage options and the associated repayment charges need to be discussed upfront. Additionally, unmarried people need to think about cohabitation property agreements and their employment status, as these will affect future mortgage renewals or applications.

Specialist Advice and Support

Needingadvice.co.uk Ltd and Specialist Advice

Agencies like ours offer specialised mortgage advice tailored to complex situations like those faced by unmarried couples. Legal advice from real estate attorneys can also offer valuable insights into ownership rights and structures, as well as the legal ownership of property.

Ownership Shares and Non-owning Partners

If one partner has a significantly larger financial contribution, that should be reflected in the ownership shares. Non-owning partners or common law partners may have no legal ownership, making a legal agreement for their protection even more essential.

Affiliate Partners and Additional Responsibility

Often, mortgage companies will have affiliate partners that can offer competitive interest rates or special mortgage policy offers. But remember, a joint mortgage means joint financial responsibility—adding an additional layer of obligation and complexity.

Damian Youell

Feel Free To Start WhatsApp Chat With Us...

How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

Feel Free to Contact Us


Securing a mortgage with your girlfriend involves a labyrinth of decisions, from choosing the type of mortgage and understanding its terms to grappling with legal implications and future financial commitments. With careful consideration of each component—be it credit history, income level, property valuation, or product selection—this journey can indeed become an enriching life experience. Couples should engage in open dialogue, scrutinise their financial accounts, and perhaps seek external advice to ensure they are making the most informed decisions. This holistic approach will not only pave the way for a secure financial future but also fortify the relational bonds.

Wrapping Up: Step-by-Step Guide and House Hunting

First-Time Buyers and Checklists

For first-time buyers, this is a huge step—perhaps even a natural step—in your relationship. Utilize a first-time home buyer checklist to aid your house process and buying journey.

The Power of Preparation

Your marital status, be it a married couple or unmarried, brings about its own types of situations and complexities. From rental income to disposable income, bank statements to utility bills, your financial standing should be transparent to both parties.

Additional Tips

Take advantage of borrowing calculators, be aware of your buying power, and don’t shy away from seeking advice on cohabitation agreements and cohabitation rights. Your message should be clear: you’re jointly committed to climbing up the property ladder.

Navigating the home-owning journey is a significant financial and legal undertaking. It’s a path best walked with careful planning, a clear agreement for couples, and perhaps most importantly, a strong understanding between partners. Whether it’s about who will take care of applicable utility accounts or what percentage of sale profit will go to each partner, these are discussions worth having. After all, buying a property is more than a financial investment; it’s an investment in your future together.