mortgage deeds feeling safe

animallover123

Hi

i wanted to ask some advice i have been with my partner 8 years not married and no kids, just lots of animals and my partners aunt died last year leaving him enough money to put on a house, anyway our relationship is very up and down and if we have a arguement he will leave, so i feel unsafe moving in with him as we were to have a argument he would kick me out as he has bad tempers and i have all my animals and no mum to move in with and no friends that would take me and my animals, so i want some advice
my partner is getting a little mortage as wants some moeny in the bank for a rainy day, but i had to give up my job as i am ill at the minute and i have no savings, so my partner putting in all the money, but my parents told me to have my name on the deeds so i would feel more safer, but my partner told me the bank told him i have to be on the mortgage to be able to be put on the deeds, what is the truth here, also if anything did happen and we split up if i am on deeds mortage but we not married and no children what righst would i have if any x

SavingPennies_2

If you relatioship is very up and down I can see why he wouldn't want you on the deeds, sorry, not saying it's the right thing but it sounds like your relationship needs to be more stable before you commit to something like this.

I suggest you accept you do not own half of the house and start building up some emergency savings, or, rent a place of your own until whatever problems are causing your relationship to be up and down are solved.

Edit: If you are joint owners you both effectively own 100% of the property even if you split up, at which point it would get messy.

alleycat`

I believe that for a mortgaged property for you to be on the deeds the bank would want you as jointly liable for any defaults / failure to pay.

So in effect they would want you on the mortgage as it would impact their ability to take the property back if you owned half but owed them nothing (iyswim) in the case of a default.

Ask a bank yourself if you think he is "trying it on" but what he says doesn't sound unreasonable from the banks side of the arrangement.

As to your personal circumstances that is something altogether different and i'm not really in a position to comment, sorry )

hazellc

Most banks will want you on the mortgage if your name is on the deeds. They don't want to be in a situation where the legal owner of the house has no responsibility for paying back the debt secured on it, as it puts them in a tricky situation should they ever need to repossess.

Why do you want to live with a volatile man who kicks you out every time he has a temper tantrum?

animallover123

hi thanks for the info i dont mind going on the mortage at all and going on the deeds as i would feel safer, but my family were saying dont go on mortage as i am not working at the minute and if we were to split then i would have a huge debt in my name, all i wanted to know if i was on mortgage and deeds does that mean that if we split i would be entitled to half the house, we been together 8 years i dont think we will split but i said very voltile he has aspergers so hard to live with and everything he does is right even through it may not be, so if i disagree then it can get messy but i am not asking about that as i think that is a whole different subject, even through i have put no money in the house i would keep it clean and tidy like i do our rented as he is very messy and could live in a house of horroes and that would not bother him , also i have furnshed all our home that we have now, as i was working but had to give up my job in march this year and the hospital still investigating what is wrong with me, but i have no savings and in fact i earnt more then him its only cause his one of his family died and left him this money

missprice

if you currently have no job then the bank would find it difficult to get money from you should the worst happen and a default occurred so I think thats a hiding to nothing and you would not get on the mortgage without a job.
and I am not sure if you would be entitled to half the house if you did not also pay half the mortgage and half the deposit and even then not necessarily.

can you not just keep the rented place you are sharing now?

animallover123

no partner wants a bigger house we are in a tiny 2 bedroom terrace with no garden and we found a house we love in the country with loads of land, we been approved on the mortgage but because i dont work and bringing nothing to the table so to speak my partner got a lower mortgage even through the bank was persuading him otherwise as he could of got a bigger one, but as my partner stumping up 70 percent of the mortage i think that is why they let me on it as i had to sign all the forms today but my family been ringing me up and pleading with me to tell him not to hand them in, so that is why i am so confused ,

animallover123

my partner is going with or without me so i just wanted to know where i stand really

LisaLou1982

animallover123 wrote: »

hi thanks for the info i dont mind going on the mortage at all and going on the deeds as i would feel safer, but my family were saying dont go on mortage as i am not working at the minute and if we were to split then i would have a huge debt in my name, all i wanted to know if i was on mortgage and deeds does that mean that if we split i would be entitled to half the house, we been together 8 years i dont think we will split but i said very voltile he has aspergers so hard to live with and everything he does is right even through it may not be, so if i disagree then it can get messy but i am not asking about that as i think that is a whole different subject, even through i have put no money in the house i would keep it clean and tidy like i do our rented as he is very messy and could live in a house of horroes and that would not bother him , also i have furnshed all our home that we have now, as i was working but had to give up my job in march this year and the hospital still investigating what is wrong with me, but i have no savings and in fact i earnt more then him its only cause his one of his family died and left him this money

Sorry OP but sounds like you want all of the benefits and none of the detriments

You have NO savings and NO job. Your partner is obviously going to want to protect his assets. I would want the same.

If youre not working, then the lender wont put you on the mortgage. You wont be able to go on the deeds if youre not on the mortgage. TBH id be strongly advising your partner to set up a deed of trust to state that the % of equity he puts in is his should you ever split up.

The fact that you used to earn more than him is now irrelevant as you now arent earning. Likewise, the fact that you keep the house tidy is no reason for you to be entitled to half of his money.

If you want an easier life with a tidy house then maybe look to split up and live alone.

daska

It's nonsense to claim that you can't be on the mortgage without a job, you do an application based on your joint incomes. You've said it's a small mortgage, what % of the value of the house? That's the main consideration, if you (plural) will own more than you owe then your family is worrying unnecessarily. What concerns me more is that your 'partner' of 8 years is looking to move on with or without you and is unwilling to give you the security he so easily could. On that basis alone I would suggest you get rid.

animallover123

i told you the application has gone through i am going there today to sign my half, my partner has a good income and is enough to support both of us and i have been accepted on the mortage but instead of the 100 grand they were going to offer him they offered him 70 as he has to support me for the moment
may i hasten to add i have always worked in our relationship and brought in more money then him and paid for all the furniture, phone bills sky and animals and feeding of animals and shopping and my partner always paid for rent council tax and heating and we took in turns to pay for water , so i am not a scrounger i just want to know that i be protected if i move in with him as i said been together 8 years my confidence isnt that great and i dont want to be alone, but there are times he is down right nasty to be calling me ugly spitting in my face and even put me in hospital at times, so i want to know if i give up my rented accomadtion and being near my family if he kicked me out cause we had a row i would have a claim of half the house to go and get somewhere as my mum wont have me with her and i have a lot of animals so not that easy finding a rented place that takes cats and dogs and once i get better i am planning on getting a job again and paying towards the mortage and when if low and behold any of my grandparents die i have money coming to me then that i could add to pay off the mortage