Securing Loan onJoint Mortgaged Home

coralrayner

I have a joint mortgage with my husband (still 17 years to go). Does anyone know if my husband is able to secure a loan,or use his ownership as a guarantee without my consent as the joint owner? Also, if he were to indicate to a lender that he was sole owner, would the mrtgage lender be made aware (by the lender of the loan) that he has used the house as security or guarantee?

BitterAndTwisted

I think that it might depend on whether the property is held as joint tenants or tenants in common but I could be making that up, as I have no experience of this. If you suspect that your husband may be in the process of applying for a secured loan against your wishes you should contact your mortgage lender immediately. Or perhaps I'm thinking of the Land Registry. I dunno.

Have you asked your question on the Mortgages & Endowments forum? There may be people more able to give you a sensible answer there.

Richard_Webster

In order to register the mortgage at the Land Registry the lender would need both signatures if the property is owned by 2 people (regardless of whether joint tenants or tenants in common) so it could not be a secured loan without OP's agreement.