Adding partner's name to deeds?

yoda84

Hey Guys,
We're in teh middle of buying a house but my partner is going back to uni so the mortgage is in my name only, as i wanted to have hte mortgage at an affordable rate so i can pay it whilst she is still in uni, as opposed to borrowing more using both our names.

I want to add her name to the deeds, but i dont want to add her name to the mortgage, is this possible, and if so how do i go about it?

Cheers guys!

Darren

Pee

No. You can't have two names on the deeds and only one on the mortgage.

You can have a separate document, a Declaration of Trust, setting out that you hold the property on behalf of yourself and her in the following shares - and any other agreement you would like in there.

Think very carefully before buying a house to share, rather than in just your name. If you split up and house prices had increased, you may need to buy her share out.

yoda84

The "Decleration of Trust" can that be obtained through a solicitor yh? And as it stands could it have written in there that we own 50% of the house each, but should the house need to be sold her share will be 50% minus the 20k deposit that I paid?

So that should anything happen I would only be liable to buy out her share - the deposit i paid for initially.

Darren