We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Should I put my name on the mortgage?
gotobed
Posts: 18 Forumite
I moved in to my husband's house 4 years ago just before we married. I pay half of all household bills and the mortgage. Is there any benefit to having my name on the mortgage and having joint ownership?
Thanks
Thanks
0
Comments
-
Yes, of course!
You are contributing to half the mortgage so if the worst happens and you split up, you should get half of any rise in equity from the point you moved in. Get yourself on the deeds now!poppy100 -
Yes, it means that if you fall on hard times, the building society can chase both of you for full payment of the mortgage.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Yes, of course!
You are contributing to half the mortgage so if the worst happens and you split up, you should get half of any rise in equity from the point you moved in. Get yourself on the deeds now!
I don't think that makes any difference. As the wife, whatever she is entitled will not affected by whose name is on the deeds. The benefits are all for the lender.
Well, I suppose it would stop the OP's husband raising a new mortgage without her knowledge.
Isn't love a wonderful thing?
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
I agree with GG - Gotobed probably already has a beneficial interest in the property simply because they're married.
By going on to the mortgage, she can then be pursued for the debt, if they fall on hard times.
Even if hubby remortgaged, this would not affect Gotobed's beneficial interest - unless he raised equity in the property and spent it on a wild week in Bangkok :eek:Warning ..... I'm a peri-menopausal axe-wielding maniac
0 -
Many thanks. I haven't put my name on as I saw no benfits really but people in my staff room shook theirs heads and told me that I HAD to be on there.0
-
It seems all WIVES are on their HUSBAND'S mortgage. Is it true that the first person on the mortgage is really the owner?0
-
Tee hee, I made sure I was first on our mortgage as I work for the solicitor who was doing our conveyancing. Don't think it makes a blind bit of diff.
We ain't married though, so don't really relate to your question.Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.810
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards