Mortgage Advice for First Time Buyers, First Time Buyer Mortgages and First Mortgage Advice

Property Buying Guide

How much can we borrow for a joint ownership mortgage?

The first things you need to consider when co-buying a property are how much you can borrow together and what is the most suitable joint mortgage for your circumstances. Luckily, more and more lenders are offering mortgages for joint ownership. It is possible for up to 5 people to borrow together but only 4 people can be on the title deeds ie own the property.

We have heard of lenders offering joint mortgages of over 3.5 x combined salaries. In this instance, two people earning £25,000 p.a could possibly borrow up to £175,000 which might just put them on the first rung of the property ladder whereas borrowing on their own they might not be able to afford it.

To find out how much you and your friends or family can borrow, seek mortgage advice.
Find out more about Joint Ownership, Joint Equity and Co-Buying a property in our guide:
What's good about joint ownership? What are the downsides of joint ownership?  l The two types of joint ownership, joint tenancy and tenants in common l Drawing up a trust deed, or declaration of trust and joint ownership agreement l Example of a declaration of trust l Example of a joint ownership agreement l Joint mortgages and how the finances could work when you buy with others l Finding someone to invest with and tips for those using joint ownership schemes where you can meet other prospective joint owners. l Frequently asked questions about joint ownership 

Most useful and most popular pages on this site:

Look for your First Property l Seek First Time Buyer Mortgage Advice l See our Best First Mortgages Comparison Table l Find out about First Time Buyer Mortgages l Find out How to Buy a House l Learn all about The First Time Buyer Mortgage l Shared Ownership

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There's alot going on! What do you think?

Interest rates are low but could rise? Is this a good time to buy?


Varialbe rate mortgages go up if bank interest rates do. Which is your preference?

Fixed Rate
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Interest only mortgages are cheaper but in the end you don't end up owning the property. Which is better?

Interest Only

House prices are waivering. Do you think this is a good time to buy?


Shared equity mortgages allow you to buy a new home with 5% deposit and an equity loan through FirstBuy. What do you think?

Too complicated
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Rent to buy allows you to peg a property price, save towards a deposit and pay reduced rent. What do you think?

Works best in a rising market
Too complicated
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