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Names on deeds/Mortgage
Sherlde
Posts: 4 Newbie
Hi
I have today been speaking to L&C about a mortgage for myself, I need £50K on an £83k property. My partner is putting the rest in in cash, plus £20k for work needed on the house. I want to take the mortgage out in my name, he's self employed, no certified books etc, and have both our names on the deeds, but I have been told that for him to be on the deeds, he also has to be on the mortgage.
Can someone tell me if this is definatly the case?
Thanks
I have today been speaking to L&C about a mortgage for myself, I need £50K on an £83k property. My partner is putting the rest in in cash, plus £20k for work needed on the house. I want to take the mortgage out in my name, he's self employed, no certified books etc, and have both our names on the deeds, but I have been told that for him to be on the deeds, he also has to be on the mortgage.
Can someone tell me if this is definatly the case?
Thanks
0
Comments
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yes in this country it is. He would have to be a named occupant but you could safeguard his interest with a deed of trust drawn up by yor solicitorI like to give people as many choices as possible to do what I want them to. (Milton H Erickson I think)0
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