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Putting mortgage in single name only.
politicallyerroneous
Posts: 1 Newbie
Hello.
My wife and I hold a joint mortgage with nationwide - she is 60 and I am 52.
We wish to put the mortgage in her name solely, so that when she is 65, she can opt for a "home reversion" as we have no dependants or family to squabble over our estate.
Would this be a straightforward undertaking?
Thankyou in advance.
My wife and I hold a joint mortgage with nationwide - she is 60 and I am 52.
We wish to put the mortgage in her name solely, so that when she is 65, she can opt for a "home reversion" as we have no dependants or family to squabble over our estate.
Would this be a straightforward undertaking?
Thankyou in advance.
0
Comments
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I would be very careful in doing this, although I will admit I don't know much about home reversion but I'm guessing it is a form of equity release.
Have you thought about what would happen if your wife was to die before you - where would you live?2014 Target;
To overpay CC by £1,000.
Overpayment to date : £310
2nd Purse Challenge:
£15.88 saved to date0 -
why do you need to put it solely in her name?I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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