bank statments and husbands wages paid into my account

Kimberley82

Wh05apk wrote: »

Probably not, but really try to do it properly first in joint names.

sorry to sounds stupid but why would doing it in joint names be doing it properly?

CLAPTON

Kimberley82 wrote: »

sorry to sounds stupid but why would doing it in joint names be doing it properly?

you seem to be contributing to the costs of the mortgage and the costs of running the house but will not share ownership of the property so have no automatic rights to half the property should the relationship fail and wouldn't automatically own the property if your OH died

Kimberley82

CLAPTON wrote: »

you seem to be contributing to the costs of the mortgage and the costs of running the house but will not share ownership of the property so have no automatic rights to half the property should the relationship fail and wouldn't automatically own the property if your OH died

Even though we are married?

Wh05apk

Kimberley82 wrote: »

Even though we are married?

Potentially but it would be difficult and costly to sort out, why not just try and do it properly now?

Kimberley82

Wh05apk wrote: »

Potentially but it would be difficult and costly to sort out, why not just try and do it properly now?

Because I was advised against it last year by an advisor as my credit was worst than his.

Even though we are linked, we got declined for a joint, but he got acepted. But it was with a company that deals with very high risk, as our credit was still bad and we still have CCJs. But everything has come off his report and most off mine now.

Wh05apk

I would try first in joint names, if that fails, get copies of your credit report to a broker to see how "bad" they are, and take their advice as to who to apply to etc.

ultramagnetic_commuter

CLAPTON wrote: »

you seem to be contributing to the costs of the mortgage and the costs of running the house but will not share ownership of the property so have no automatic rights to half the property should the relationship fail and wouldn't automatically own the property if your OH died

Apologies if I've misunderstood, but applying for the mortgage jointly and having the property in joint names are entirely separate things. You can apply as an individual, and simply have the other person put on the deeds when you do the relevant paperwork. We found it a lot simpler to do it this way when we got our last mortgage.

Thrugelmir

ultramagnetic_commuter wrote: »

You can apply as an individual, and simply have the other person put on the deeds when you do the relevant paperwork. We found it a lot simpler to do it this way when we got our last mortgage.

Your mortgage lender would still be required to give approval.

ultramagnetic_commuter

Thrugelmir wrote: »

Your mortgage lender would still be required to give approval.

Approval for what? The mortgage company didn't ask for any information about my other half when we got a mortgage just based on my income but putting the house in both names - why would they care?

Thrugelmir

ultramagnetic_commuter wrote: »

Approval for what? The mortgage company didn't ask for any information about my other half when we got a mortgage just based on my income but putting the house in both names - why would they care?

Because they would unable to force the sale of the property in the event of default. Normally the lender would require a signed undertaking from the other party for joint and several liability of the mortgage debt before agreeing.