Applying for Mortgage, single applicant but married.

EvaCustard

PS to the OP - our mortgage (I even call it ours but it's his technically!) is with Halifax - they had no issues with it being single application as opposed to joint.

Thrugelmir

EvaCustard wrote: »

We like it that way. We've both been burnt by joint finances with past partners and this works for us.

Then I would want my name on the mortgage. As there's no control over the use of the equity in the property otherwise.

danielanthony

Goldiegirl wrote: »

Will she mind not owning the house she lives in?

If she's not on the mortgage, she's not on the Deeds either

If they are married all assets will be split 50/50 if they divorce, more to the wife if they have children. So they do actually both own the house. If unmarried then this is different.

Thrugelmir

danielanthony wrote: »

If they are married all assets will be split 50/50 if they divorce, more to the wife if they have children. So they do actually both own the house.

Only after a legal battle. There's nothing to stop the owner of the property spending the equity.

Mojisola

danielanthony wrote: »

If they are married all assets will be split 50/50 if they divorce, more to the wife if they have children. So they do actually both own the house. If unmarried then this is different.

Thrugelmir wrote: »

Only after a legal battle. There's nothing to stop the owner of the property spending the equity.

As Thrugelmir says, if only one of a couple owns the house, they could remortgage it to the hilt and spend the money without their spouse having any idea that their home was being put at risk.

Eviesmummy

We're in the same position. Hubby's credit history is diabolic, (although I'm working with him to try and remedy that) and there's no way a joint application would have been accepted.
My application is at the approved pending valuation phase with Santander, so all the credit checks ect have been passed. Valuation is next Tuesday.
Hubby is quite happy to proceed, even if he isn't on the deeds. But I'd like to have to deeds in joint if at all possible, if only for his peace of mind if nothing else, although he says he's not really worried either way. Is it possible to have deeds in joint even though the mortgage is in my name? Will that incur extra legal fees?

lazer

danielanthony wrote: »

If they are married all assets will be split 50/50 if they divorce, more to the wife if they have children. So they do actually both own the house. If unmarried then this is different.

Why more to the wife if they have children? It could be the husband that keeps the children and would he therefore not get more?

PS - My remortgage (For a house I owned before we got married) is going through as a single application only and the financial association with my husband is causing problems, we were considering joint mortgage but have left it with the Financial Adviser to advise what is best - as legally it doesn't matter either way since we are married