Buying with someone?

A guide to joint mortgages


Buying a home together

A joint mortgage is one of the most common ways to buy a property together, as it allows two (or sometimes more) people to take out a mortgage to buy a property.

Royal Bank of Scotland only provides joint mortgages for two people.

Consider the pros and cons

"" The pros

The pros

  • Buying with someone else can be a good way to get on the property ladder quicker than if you were buying alone.
  • You'll be able to combine your savings and have a bigger deposit.
  • You can split homebuying costs such as stamp duty and legal fees, as well as household bills.
Information Message

"" The cons

The cons

  • You'll need to decide on the best way to set up your joint mortgage legally.
  • You need to think about what happens if one of you defaults on the mortgage as in many cases you could both be responsible for any missed repayments.
  • It's important to buy a property with someone you trust to protect against this kind of situation. 
Information Message

The legal side of things

Joint Tenancy

You should set up your mortgage as a joint tenancy if you both want to hold an equal share of the property, regardless of who paid for what in the purchase. If either one of you dies, full ownership automatically passes to the other.

Tenancy in Common

If one of you has invested more cash into the property than the other, you can divide the ownership rights to reflect this using a Tenancy in Common. You can split the percentages of ownership however you like. If you die, your share of the property will go to the person named as your recipient in your will.

Leaving a joint mortgage

If your circumstances change and you decide you want to leave a joint mortgage, the first thing to do is contact your lender to discuss the options available to you.

You can get more detail on the options available to you from MoneyHelper.

Finding the deal for you


Compare our rates and repayments

Look at the mortgage rates we offer and the monthly repayments to see what could work for your joint mortgage.


When you have a property in mind

See how much you could borrow with an Agreement in Principle. It won't affect your credit score as it only uses a soft credit check.

Is there something else you're looking for?