Should I (housewife) be on the mortgage agreement?

whalster

Yes divorce would not be good however the thinking would be that either the mortgage would still be paid to maintain a home for your children or sold and the asset split and you both move on .
A worse situation for you would be if your husband died not being on the mortgage would leave you in a worse position with the lender .
If you go down the sole mortgagee route also take out life cover enough to repay the lender in the event of death during the mortgage term

Lionel_Thinkbag

Thanks for the responses everyone. I think this is something we'll have to discuss with our broker.

Goldiegirl

A mortgage lender normally requires the mortgage and the property to be held in the same names

My personal requirement is that I am part owner of the marital home.

Therefore, whatever my income status, whether I'm the main earner or a housewife with no earned income, I'm on the mortgage.

If I wasn't a joint owner, the purchase just wouldn't happen.