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Two people earning $80,000 each can typically borrow significantly more than one person earning $160,000. This is because living expenses (HEM) for a couple are roughly 1.4x a single person's — not double. The extra income adds to servicing capacity while expenses increase more s
Yes. Joint applications don't require a romantic relationship. Friends, siblings, or parent-child combinations can apply together. Each person is equally liable for the full loan amount.
Both incomes are combined for assessment purposes. Even a modest second income (e.g., $40,000) can add $200,000–$300,000 in borrowing capacity. The lower earner still adds meaningful value to the application.
Joint applications can be structured as joint tenants (equal ownership, common for couples) or tenants in common (specified shares, common for friends or investors). Your solicitor can advise on the best structure.
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