We live in increasingly tolerant times. It may not be perfect, but it’s getting better every year. At the piles there are no witches burning, people do not look like a set square, you can freely speak your own opinion. The way of life of others should not affect the life of any other person. Same-sex pairs are a normal phenomenon in our environment. Unfortunately, reality and interpersonal relations go their own way, and the law and formal solutions lag far behind. Homosexual couples encounter many different obstacles in their daily lives. What does it look like with regard to the mortgage? Is it possible to get a mortgage for same-sex couples? Is it easy to get it?
What are the rules for obtaining a mortgage for homosexual couples?
Getting a loan by two people of the same sex is not a problem at all. Homosexual couples should meet the same boundary conditions as heterosexual couples and singles – you should have a positive credit history, own contribution, have adequate income, and the property must be properly valued and accepted as a form of security.
These are the bank’s requirements at a glance. Same-sex couples’ mortgage is based on the same principles as standard loans.
How does creditworthiness count for same-sex couples?
The vast majority of banks do not differentiate the method of calculating creditworthiness for homosexual and heterosexual couples. Banks have a liberal approach to these issues and are able to suit applicants.
The main problem is, of course, how the minimum social costs are calculated. Commercial banks determine this at their own discretion. Apart from banks, the rest of the institutions see no problem. Applicants must declare that they form a joint household and account for all costs and revenues jointly. In this approach, creditworthiness is calculated exactly the same as for others.
How do you increase your chances of getting a loan?
To be sure, before applying for a loan, I would suggest setting up a joint account for daily settlements. Thanks to this, in the context of any doubts, applicants have evidence of joint monthly settlements. The statements can show joint payments for rent, food and other social expenses. Another issue is the need to provide the same residential address in the application. It cannot be claimed that a shared household is run with different addresses.