Applying for a Mortgage with Friends or Family Members

Our advice for applying for a UK mortgage with family members or friends, lender assessment policies, and the pros and cons of buying a home with additional owners.

About your mortgage

Error: Yearly income income must be between £1 and £10,000,000.

Error: Regular bonus must be between £1 and £10,000,000.

Based on your yearly income, you may be able to borrow:


Most lenders will let you borrow 4.5 times your annual salary so, as long as you have a standard 10% deposit, you should be able to borrow this much.


Depending on your personal circumstances, some lenders may let you borrow 5 times your salary.


Lenders usually cap the amount they lend at 5.5 times your salary, so it’s unlikely you’ll be able to borrow more than this.

This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.

Applying for a Mortgage with Friends or Family Members

Buying a property can be hard work, particularly if you live in a region with high property prices. Increasingly, buyers are clubbing together to buy a home with friends or family.

The more income you have to put on the application, the more you can borrow. Still, it's vital to seek independent advice to ensure you aren't paying over the odds and have expert guidance about the right type of mortgage product to choose.

Revolution Brokers has created this guide to summarise the options and how joint mortgages work.

For help with your borrowing requirements, give us a call on 0330 304 3040, or drop an email to

What Types of Joint Mortgage Can I Get With Friends?

There are two primary types of joint mortgage to be aware of - tenants in common and joint tenancy.

Most joint tenancies are couples, and both own the property equally. If one partner dies, the other inherits their share automatically.

Tenants in common each own a proportion of the property independently, and this doesn't have to be equally split if you have different amounts to invest.

In that situation, it's advisable to consider a Deed of Trust setting out each party's legal obligations and contributions.

Can I Get a Joint Mortgage with a Friend with Bad Credit?

Possibly, but it depends on what sort of bad credit issues they have. Lenders will assess every individual on the mortgage application for any type of shared ownership agreement.

If one applicant has bad credit, that might mean that some lenders won't approve the application.

Remember that all applicants are liable for the loan, so if a friend or family member doesn't keep up with the repayments, you will be responsible for the debt, as well as your own contributions.

How Do Mortgages Work with Friends?

Most lenders allow up to two applicants to take out a mortgage together, although you can buy with three or four people by applying to the right mortgage provider.

In some cases, up to four people can apply, but the lender will only consider the two highest incomes in their affordability assessment.

All of the other criteria are relatively standard, so you will need to provide a deposit and budget for the costs of the solicitor's fees and Stamp Duty where applicable.

Who Can I Get a Joint Mortgage With?

There are no limits on who you choose to buy with. That could be siblings, friends, relatives or parents.

One factor to consider is that if you are buying with a parent, if they are nearing retirement age, you will need to consult a broker to ensure you apply to a lender who doesn't have maximum age caps in place.

How Much Can I Borrow on a House Purchase with Family Members?

Affordability assessments on family mortgages work just as with any other application. The lender will look at your combined income, debts and outgoings to work out whether they feel you can comfortably afford the mortgage repayments.

The standard is to offer up to 4.5 times your combined annual income. Some lenders will offer five or even six times, although these multiples are less common.

Can I Get Help From my Family to Qualify for a Mortgage?

Yes, there are lots of different ways to structure a mortgage.

  • Joint applicant, sole owner mortgages mean that a family member, often a parent, applies for the mortgage with you. Their income and credit report support your application, but they don't own the property and don't live there.
  • Gifted deposits from parents or close family members are usually sufficient; you might need to put something in writing to confirm where the deposit came from.
  • Family offset mortgages are another option, whereby a lender offsets cash savings held by a family member with the same bank, charging you interest just on the difference.
  • Guarantor mortgages are one of the most common ways to find a mortgage without a deposit. The guarantor guarantees you will pay the debt and becomes liable if you don't keep up with your repayments. Rates tend to be higher than on standard mortgages.

Can I Transfer a Mortgage to Myself from a Friend or Family Member?

Possibly yes, but the process can be complicated. You will need to prove that you can afford the repayments on your own. Lenders might not be willing to offer a fixed rate if you are remortgaging from an existing loan.

Can I Buy an Investment Property with Friends?

Indeed you can. Friends can invest in a rental property and take out a joint buy to let mortgage together.

Most lenders will accept applications from up to four partners, although the affordability assessment relies more on the anticipated rental income than it does on each applicant's earnings.

Professional Advice for Joint Mortgages with Family or Friends

There are many options for buying shared properties, and it is essential to know what the possibilities are and weigh up the pros and cons before proceeding with your application.

Call the mortgage advisors team today for whole-of-market, independent advice from an expert brokerage team on 0330 304 3040, or send us a message to

Why Revolution Brokers?
  • Whole of market brokers

  • Mortgage that suits you

  • On time customer support

Latest Blogs

10 Feb 2022
Do I Qualify for First-Time Buyer Status?

Do I Qualify for First-Time Buyer Status? Working out whether or not you are a first time buyer may seem obvious - but there are plenty of scenarios where your position isn't clear! Examples might include: New buyers who have inherited a property they rent out. Buy-to-let investors that have never purchased a residential hom..

26 Jan 2022
How Does a Remortgage Application Work?

Most homeowners know that remortgaging means switching a mortgage from an existing lender over to a new deal. However, the process isn't always obvious. If you're on a fixed-rate deal, you'll want to get ahead of the end of the term to avoid being shuffled onto a higher standard variable rate where your interest costs will undoubtedly ..

17 Dec 2021
Understanding Lender Risk on First-Time Buyer Mortgages

Finding a great mortgage as a first time buyer can feel like an uphill struggle, with a larger proportion of applicants being turned down than a year ago. Around 20% of first-time mortgage applicants are rejected, usually because of the lender risk associated with their loan. Today, Revolution Brokers explains the highest risk facto..

28 Oct 2021
Pros and Cons of First Time Buyer Buy to Let Mortgages

Investing in a rental property can be an excellent way to get onto the property ladder and earn an income. However, if you haven't owned a residence before, you might find that a mainstream bank will automatically turn you down for a buy to let mortgage. In today's guide, the Revolution Brokers team explains how you can become a ren..

12 Oct 2021
Mortgage Deposit Requirements for First-Time Buyers

Buying a home for the first time is a massive step - but the deposit is often a stumbling block for first-time buyers. It can take years to save a sufficient amount or be impossible, so there are several ways to approach the problem and get your foot onto the property ladder. From April 2021, the UK government launched the new mortg..

24 Jun 2021
Why Property Auction Finance is Booming!

There is little doubt that UK buyer confidence is at an all-time high. We've recapped previously in our blogs how property market growth and prices have soared over the last few months! As we head into summer, one key area of mortgage finance seems to be expanding rapidly: property auction finance. In this article, the Revolution..


Refer, Relax and get £50

If you refer a friend for a mortgage or any
type of finance you’ll both receive £25
each when their new application
successfully completes.

Know More!

We are proud
members of the:

FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

Ask the Mortgage Experts

Revolution Brokers understands that mortgages can be complex and confusing!

Ask us any question you might have, and one of our skilled consultants will come back to you as quickly as possible.