> > I currently live with my parents and am having difficulty getting a
> > mortgage based on my own salary (even though I have 20-30% deposit). Would
> > they allow for one of my parents to apply for a joint mortgage with me,
> > therefore taking their salary into account? I know that the income
> > multiple is there to protect me but I am confident that I would be able to
> > make the required payments each month based on the mortgage amount I want
> > - the only problem is that lenders are strict about their 3.5-3.75% > > multiple. >
> Some will and some wont.
>
> The main reason I can see that they wont is that your parent(s) wont be
> living in or contributing to the property,so basically are just there to
> make up the numbers. The salary multiples is there to protect the customer
> from borrowing too much.
>
> Just for curiosity sake, what is your income and how much are you looking to > borrow?
I am earning around 20K and require about 90-95K mortgage. I don't really have any outgoings. This would not be my first mortgage. I previously had a buy-to-let mortgage on another property to get round the income multiple but don't want to do this again because of the higher rates.