From a friend

[Shaneelastic]

From a work colleague (not me)
Colleague owns a place with her sister, value 420, loan 280 rented at 340pw
Just a normal house
She want to buy another place to live in
Her income is 69k pa
What is her borrowing capacity does her sister loan affect her application

 

[Aaron_C]

It is impacted but can probably do something there. The issue is that the sister must consent to any modification of the existing loan.

 

[Rolf Latham]

Assuming she has the cash for deposit and costs, there are some lenders like AMP and STG that will take notional half debt and half income, whereas most lenders are take the joint and severally liable millstone of total combined debt and half the income

ta

rolf