We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Can I have a mortgage but both my partner and I be on the deeds?
frachie101
Posts: 2 Newbie
Can anyone please advise? My partner and I are in the process of moving house. Our mortgage lender would not lend the extra that we needed to borrow for the new property due to one debt on my partners credit file and low income. Based on my income alone the bank have agreed that we can have a mortgage but it would only be in my name.
Can I still put the title deeds in both of our names? My partner has lived in our current house longer than I have and we both want to have an equal 50/50 share.
Has anyone had a similar experience. Is there any way for us to legally have a 50/50 share should the worst happen?
Can I still put the title deeds in both of our names? My partner has lived in our current house longer than I have and we both want to have an equal 50/50 share.
Has anyone had a similar experience. Is there any way for us to legally have a 50/50 share should the worst happen?
0
Comments
-
If the lender will not have OP's partner as a borrower then with few exceptions (HSBC/First Direct are the main ones) the property must be held solely in the name of the borrower.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards