Mortgage and deeds

karenfingerhut

Hi there

I've had mixed feedback regarding the following, so I'm hoping someone can help me.

I'm in the process of buying a property with my partner. I'm the greater earner and makes sense for the mortgage to be in my name even though all payments will be 50/50 including the deposit.

My question is - can I be solely on the mortgage and my partner be on the deeds with me, or do we need to get a separate contract drawn up by a solicitor?

I would appreciate any advice on this.

Thanks and kind regards
Karen

Thrugelmir

karenfingerhut wrote: »

I'm in the process of buying a property with my partner. I'm the greater earner and makes sense for the mortgage to be in my name even though all payments will be 50/50 including the deposit.

If you are purchasing it jointly. Why shouldn't your partner have an equal share.

kingstreet

It may be possible to have a borrower named on the mortgage not on the deeds, but not the other way round. Those named on the deeds must be party to the mortgage.

I'm the greater earner and makes sense for the mortgage to be in my name

That's a justification for being first applicant, not sole applicant.

karenfingerhut

Thank you for the advice kingstreet. Youve cleared the matter up for me.
Kind regards
Karen