Geeting a mortgage with husband but having the house under my namee

georgetobs

Hi everyone, any advice would be appreciated
My husband and I are seperating in the near future, had problems for while now. We own a property with collaterol (sp!) of around £150,000, I will be using this money to hopefully buy another smaller house with a smaller mortgage (currently 230,000), I only work part time so we wondered if it was possible to get a mortgage together again but the house just be under my name (ie the deeds)? By the way he is willing to do this, as we have two small children together.

betmunch

I think there is 1 lender that will do this, they are direct only so you will need to see an Independent Broker and make sure you employ them on an independent basis (ie not whole of market) for them to assess you full case to see if they are likely to take you on.

alternatively someone may name them here, or you can ring each high street bank and ask the question.

Wh05apk

I think Woolwich may do this, however have you looked into taking the mortgage in your sole name, some lenders will accept maintenance/tax credits etc, which in addition to your part time income, may be sufficient?

betmunch

Wh05apk wrote: »

I think Woolwich may do this, however have you looked into taking the mortgage in your sole name, some lenders will accept maintenance/tax credits etc, which in addition to your part time income, may be sufficient?

I didnt know one of the good guys would take this situation, this is good news

Dave_Ham

I thought Woolwich changed this and that they will not split mortgage and deeds with one single and one joint names.

Will be very happily corrected though, although not going to call them on a Friday afternoon - will take someones word for it if they are sure...?

I agree though, you may be surprised to have all in sole name!

Good luck

Wh05apk

Always been the case, although recently they have been pushing it more for parents to support kids.

georgetobs

thanks for your help guys, I will have a ring around, if I have any luck in the future I'll post back and let you know for sure!
I will also have a look into just getting it in my name too, hadnt thought about tax credits etc to be honest,the main reason we are doing this is that it was the cash from my house, before we got together that we put down on our new house, its pretty much the same amount as the house price hasnt really changed much, again my husband is ok with that.