Co-Borrower
A co-borrower is an additional applicant on a mortgage with equal responsibility for debt repayment and equal ownership rights in the property, commonly spouses or business partners combining income for qualification.
| Co-Borrower Status | Rights and Obligations |
| Ownership | Equal or specified percentage |
| Liability | Joint and several for full debt |
| Credit impact | Affects both parties' credit |
| Income consideration | Combined for qualification |
| Title registration | Both names on deed |
| Qualification Benefit | Example |
| Applicant 1 income | AED 25,000 |
| Applicant 2 income | AED 20,000 |
| Combined income | AED 45,000 |
| Maximum DBR 50% | AED 22,500 allowable debt |
| Mortgage capacity | AED 4.5M vs AED 2.5M solo |
| Risk Considerations | Factor |
| Relationship changes | Divorce, partnership dissolution |
| Credit consequences | One default affects both |
| Exit complexity | Both must agree to sale |
| Income dependency | Loss of one income strains payments |
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