Adding the wife to the Mortgage

Majestic

I was just wondering how i'd go about adding my wifes name to the mortgage?

What fees would I have to pay and other such details, searches etc.

Thanks in advance.

smiffy015

You need to ring your mortgage company and ask them... My husband rang ours and they quoted £2000 to add me onto his mortgage!!! So we are leaving it till we can re-mortgage with another provider and do it all then.

opinions4u

smiffy015 wrote: »

You need to ring your mortgage company and ask them... My husband rang ours and they quoted £2000 to add me onto his mortgage!!! So we are leaving it till we can re-mortgage with another provider and do it all then.

Name and shame them. Outrageous. Or maybe Hubbie fibbed.

Typically the lender will charge around £200 and a solicitor £300.

Majestic

Thanks Opinion & Smiffy, I thought it'd be around £200/£300 mark, certainly not £2000. Definetly name and shame, Smiffy.

Wh05apk

You are looking at a transfer of equity, lenders normally charge £1-200, but you will also require solictors which could be £3-400.

I would normally recommend leaving, and next time you re-mortgage do it all at that stage, as the lender will cover most of the "standard" conveyancing, so you will probably only pay £2-300?

cv65user

huh why would you want to add wife to the mortgage?

CBR600F_2

cv65user wrote: »

huh why would you want to add wife to the mortgage?

She must make sandwiches or chop wood really well.

Gary123456790

cv65user wrote: »

huh why would you want to add wife to the mortgage?

she wants half if it goes pear shaped of course.

cv65user

lol sorry i didnt mean to come across like that . i meant like liability wise as i am in process of getting my first time mortgage myself .

apparently joint is better becauase the bank will have someone to fall back on if payments are not met . if you do apply as sole mortgage , then the bank will want you to consult an IFA to basically get someone to act as a guarantor in case you pass away.

thoughts_please

I agree with some of the above - we recently added my partner to our mortgage and Santander charged us £150 and our solicitors charged £300. Hope this helps.

Wh05apk

cv65user wrote: »

lol sorry i didnt mean to come across like that . i meant like liability wise as i am in process of getting my first time mortgage myself .

apparently joint is better becauase the bank will have someone to fall back on if payments are not met . if you do apply as sole mortgage , then the bank will want you to consult an IFA to basically get someone to act as a guarantor in case you pass away.

WHAT???:rotfl::rotfl:

Are you being serious?