Need help/advice regarding house deed

Janey3

When you say 'she feels sometimes I am not giving her enough security'
did you decide together about your house purchase and the financial commitment it entails for both of you? Did she have any say in your purchase? It really shouldn't be awkward to have a discussion with your partner about this.

limitless888

Oh.. I always thought it didn't matter regarding who applies for the mortgage i.e. i thought there is a separate choice at the end to add her name to the deed irrespective of whether it was just me who applies or applying jointly.

calleyw

if a house has a mortgage on it then only the people who are named on the mortgage are named on the deeds.

I was not named on the marital home deeds or on the mortgage due to circumstances. But it was no less my home and as we were married it was all apart of our assets anyway.

Yours

Calley

limitless888

Hi Janey3, yes we decided together and the place we chose is our dream house.
In terms of financial commitment we have decided that I will be doing most of the contributions as I am the high income earner, and she will then take on a part time role to contribute as much as she could.
When we plan to have children (probably in the next year or so) she would then take on a role of a house wife.

SmlSave

If you are getting a mortgage in your sole name then your wife cannot go on the house deeds.

If you wish her to have an interest in the property then you'd need a Trust Deed drawn up and a restriction put on the house deeds.

Then you also need to make a Will stating your wishes

Janey3

Ah, right,- your lady is not working at the moment - 'she will take on a part time role to contribute as much as she could' and 'I believe she will help me to her best of her ability' - this could be a reason why your family are concerned - no definite financial plan.

I do wish you well, limitless,and hope things get sorted amicably.

Keep_pedalling

It's none of your family's business, so I would just thank them for their input, and go ahead and do things the way you think is right.

Both our children have an equal share of their homes with their spouses, even though we, thanks to a substantial inheritance, gifted them the vast majority of their deposits. We never thought to impose any conditions on those gifts and a good marrage needs trust which is not established if you start of claiming sole ownership of the main assets.

mark5

I think your family are right, to many marriages end in divorce, you need to think with a business head not your heart.

Don't get me wrong if you are married for years and have children together then she should have a large share but what happens if your relationship falls apart in 18 months time?

It can happen!

pollypenny

For many of we baby boomers, only the husband's salary was taken into account by building societies, as they all were then.

In spite of that most mortgages were joint, I think.

OP, you do what you feel is right for you and your wife.

FBaby

I'm always puzzled at how so many people enter unto marriage having no clue what it means to do so from a financial perspective. Getting married means no more yours and mine, but ours, end of. So it doesn't matter whose name is on the deeds, what is yours will be considered hers.

The only way a judge could decide that it is not the case is if the marriage was considered short, but even then, the fact that you bought the house jointly rather than you coming into the marriage with the asset might still mean she could have a claim on it.

It's nothing to do with your family but you. If you are happy to marry her with the knowledge that doing so will always come with a financial risk of losing out, then you owe nothing at all to your parents. It's your decision and yours only.