what is occupiers consent form?

kingstreet

All it does is prevents you claiming the right to live in the property in the event of repossession.

It does/prevents nothing else.

Phiggins81

Apologies for resurrecting an old post, but I have a slightly different query.


I am trying to get hold of a copy of the occupiers consent form I signed, however my solicitors went into administration last month. I have contacted the mortgage lender who advised they do not hold a copy.


I am assuming that I will have to contact another solicitor to act on my behalf and trace it down, or is there another way I can get a copy. I have a fairy short time frame to do this in and was wondering what the best options are?


Any help is appreciated.

kwanwendy

Hi,

Recently, my partner is buying a flat(Share OwnerShip). We are unmarried. All mortgages loan will be paid by him. But upon filling up the forms there is a section stating occupier.

Now, my concern is if I put my name down as an Occupier.

1. In the event if we split up will my name will be withdraw?
2. In 3-5years time if I want to buy a house am I able to get mortgage loan?
3. What is the impact to fill my name as an Occupier?

kingstreet

kwanwendy wrote: »

Hi,

Recently, my partner is buying a flat(Share OwnerShip). We are unmarried. All mortgages loan will be paid by him. But upon filling up the forms there is a section stating occupier.

Now, my concern is if I put my name down as an Occupier.

1. In the event if we split up will my name will be withdraw?
2. In 3-5years time if I want to buy a house am I able to get mortgage loan?
3. What is the impact to fill my name as an Occupier?

1. The consent form has nothing to do with splitting up.

2. The consent form has nothing to do with you getting a mortgage in future.

3. There is no impact.

You are simply prevented from continuing to live in the property if the lender takes repossession action against the mortgagor, your partner.

Richiep989

Hi all,

I have a similar query regarding concent to mortgage forms. Having read this thread, I understand what they are for. However, my scenario:

My wife and I are purchasing a property. I am porting my existing mortgage currently in my name over the to the property. She will not be on the mortgage and therefore won't be on the deeds either (she's self employed and has never had any loans or credit cards so I fear she would be rejected if we tried to put her on the mortgage).

She is however "gifting" me a deposit to make up the shortfall in the money we need to purchase the House. I'm obviously putting in my existing mortgage and equity from current flat. I have a life policy under trust in her name, so I'm not worried about what will happen should I pass away. My query however is that, for whatever reason we can't pay the mortgage repayments and the bank reposses the house, what happens to her share of the money that she contributed to the deposit?

Apologies if I'm being silly. When a bank repossesses a property, they sell it to get their money back, but do you get the equity back??

We'll always be able to make sure we can make the repayments one way or another, even if the mortgage is just in my name, so I'm not really concerned, just wondered about her money that she's putting in.

Thanks.

kingstreet

You will get back the sale price less the liability to the lender, if anything.

kingstreet

The consent form has no relevance to your issue.

I would open a new thread on HBR&S on your other issues as it will get more replies there.

getmore4less

why are you not going on the deeds/mortgage?

if you have kids then everything may not go to you there are limits on what a spouse gets without a will when there are kids.

if the house is just in his name then a grant will be needed to administer the estate by applying for letters of administration(more commonly known as probate).

Zoe_D_Grimes

Phiggins81 wrote: »

Apologies for resurrecting an old post, but I have a slightly different query.


I am trying to get hold of a copy of the occupiers consent form I signed, however my solicitors went into administration last month. I have contacted the mortgage lender who advised they do not hold a copy.


I am assuming that I will have to contact another solicitor to act on my behalf and trace it down, or is there another way I can get a copy. I have a fairy short time frame to do this in and was wondering what the best options are?


Any help is appreciated.

Hi I am in the same situation,can you tell me what happened? Did you manage to get hold of the consent form????
Many thanks
Zoe

bigisi

Zoe_D_Grimes wrote: »

Hi I am in the same situation,can you tell me what happened? Did you manage to get hold of the consent form????
Many thanks
Zoe

Seeing as that was the poster's only post on the forum and it was nearly a year ago - I doubt you're going to get an answer