Mortgage without indefinite leave to remain, desposit in another account etc.

stephcyl

I have posted it already on the housing/renting and buying but was advised to post it here:

Hi All,
Am going crazy here trying to piece so many things together and will require some help from this every helpful forum and its morgage advisors:
Basics:
1. Hubby has been here since 2010 and is eligible for indefinite leave to remain from Sept (tier2)
2. I have been here since 2008 on student visa, then psw, then student visa and now on spouse visa (tier 2 dependant)

Issues:
1. We want to buy a house as prices are moving so fast in the south East, and I have seen that halifax might be able to offer hubby mortgage based on halifax's intermediaries website on working here for more than 3 years.
However, we have been saving for the deposit for the past year in my account (to separate spending from savings). I was thinking after I found out I can't get a mortgage to say am gifting the money to hubby but that won't work anymore since the giftee should have no vested interest in the property.
What can we do now? How can we legally move the money to hubby's account without the bank raising an eyebrows? Mind you, the money is both OURS but unfortunatekly we don't have a joint account.
Main reason for this is because I saw that joint cash ISA is only limited to £15k, but with individual ones we can have £15k each

2. We have 10% deposit saved. Since I won't be on the mortgage anymore, am thinking of taking a loan of extra 5% to give us a better deal on the mortgage. I can more than comfortably pay this off in 6 months. Problem 1 comes in again, anyway to legally move this money to hubby?

Thanks in advance!

stephcyl

Any one? Really counting on resident mortgage advisors

BrassicWoman

why do you need 2 threads on this?

stephcyl

stephcyl wrote: »

I have posted it already on the housing/renting and buying but was advised to post it here:

Because I was advised that I will get mortgage advisors input if I post here.

BrassicWoman

ahh, sorry!

I would expect most of the brokers are still at work Usually picks up later.

amnblog

You need a broker working on this or you are going to trip up.


Half the info via this forum will make matters worse not better.

stephcyl

amnblog wrote: »

You need a broker working on this or you are going to trip up.


Half the info via this forum will make matters worse not better.

I would love to, but haven't seen a broker local to us. Don't really wanna use the estate agent's own.
Still gathering info before I start looking for a local broker

amnblog

Brokers do not have to be local in this day and age.


We have literally had an enquiry from the Shetland Isles and one from the Scilly Isles this month.