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Trust deed
My partner has a trust deed in his name and payments are due to end next year. We live together but the mortgage is only in his name. We have no joint accounts etc.
We want to save to get married in 2-3 years and save for a deposit on a bigger house. I'm aware it will show on his credit files for 3 years after it ends. Would we be better to keep finances separate in that period so it doesn't affect me? What are our chances of getting a mortgage in 4-5 years? We're hoping to have 40k plus any equity from this house - that should be approximately 20%- 30% deposit of a property depending obviously on how the market changes.
We want to save to get married in 2-3 years and save for a deposit on a bigger house. I'm aware it will show on his credit files for 3 years after it ends. Would we be better to keep finances separate in that period so it doesn't affect me? What are our chances of getting a mortgage in 4-5 years? We're hoping to have 40k plus any equity from this house - that should be approximately 20%- 30% deposit of a property depending obviously on how the market changes.
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