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Buying a house in my name, fianc! to live with me

I am currently in the process of buying a house in my name. The mortgage will be in my sole name, the house will be in my sole name. The deposit is coming solely from me.

All sounds pretty simple and straight forward so far!

I'm engaged and my fianc! will be moving in with me too when he moves out of live in accommodation at work in a couple of months. I will pay the mortgage but he will pay the bills.

When it comes to me signing all the documents with the solicitors etc, exchange of contracts, will he be required to sign anything at all?

He will of course be going on the council tax etc when he moves in.

He will be going on the mortgage after we marry in a couple of years - predominantly to keep me family happy! It also gives him chance to build up his credit score a little more over the next couple of years.

Any advice anyone can give me would be great, as I can't seem to find anything online! I'm starting to worry that because he has a bad credit score, if his name appears anywhere (even on just a document to say he wont claim squatters rights!!) it might affect my mortgage? My mortgage has all been approved, and i should be exchanging in a couple of weeks.

Thank you in advance to any advice!

Comments

  • kingstreet
    kingstreet Posts: 39,335 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If he is to live in the property from completion, he will be asked to sign a consent to mortgage form. This is to prevent the creation of an implied tenancy in the event of the lender wishing to exercise its right of repossession against you.

    No credit search is conducted in such a situation.
    I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • zzzLazyDaisy
    zzzLazyDaisy Posts: 12,497 Forumite
    Part of the Furniture Combo Breaker
    Just to add... if you buy the house on your own and move in one your own, he can then move in later with no complications.

    To avoid him acquiring any beneficial interest in the house (and so making a claim on the property if things go wrong) make sure that he does not contribute to the mortgage, and does not pay for anything structural or that might add value to the property, such as extension, conservatory, new kitchen etc. Normal painting and decorating, doing odd jobs, contributing to food and utility bills etc is fine.

    Good luck.
    I'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.
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