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Joint ownership with one name on mortgage - is it possible?

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  • DVardysShadow
    DVardysShadow Posts: 18,949 Forumite
    Hi all, sorry to bump this thread, but I once again need help with this.

    My boyfriend had a mortgage approved in his name only with FirstDirect, and both of our names will to on the deed. As we're splitting all costs evenly, do we still need a Deed of Trust? Our conveyancer didn't see the point. Will it allow my boyfriend to hold me accountable for half of the mortgage?
    New thread started https://forums.moneysavingexpert.com/discussion/4015109

    melanierose, it would have been better to stick with the one thread - and definitely no start the new aspect of the problem in 2 different places. As someone has already bitten on the new thread, I suggest everyone posts there.
    but I have given the
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • yumyums
    yumyums Posts: 686 Forumite
    We had the same issue (I'm not a UK citizen) and were taking out two mortgages at the same time. One lender (Skipton) allowed me on the mortgage and deeds but they couldn't take my income into account which was fine as my husband's was sufficient. The other (remortgage) requested my name to be taken off the deeds on the house we jointly owned which was a pain and led to a lot of faffing about! I guess it depends on the lender's policies.
  • melanierose
    melanierose Posts: 19 Forumite
    Eighth Anniversary Combo Breaker
    yumyums wrote: »
    One lender (Skipton) allowed me on the mortgage and deeds but they couldn't take my income into account which was fine as my husband's was sufficient.

    That's exactly what I'll try to do (my boyfriend's income is sufficient) - thanks!
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