Current Account - Am I a home owner or not?

polymaff

Wifey101 wrote: »

I wondered if someone can help me.

I'm looking to open a new current account and one of the questions is about my residential status. I live with my husband but my name isn't on the deeds or the mortgage because he bought the house before meeting me. Therefore am I a "Home owner with a mortgage" or not? The only other suitable option (it's a drop down box) is "Other" which doesn't sound particularly good to me.

Does anyone have an opinion as to which option I should use?

Do you have a mortgage?

If not, this is the wrong option. Period

KJSmith

"Other" sounds like the appropriate option to me.

alternate wrote: »

To be fair, they only want to know to see if they can sell you a loan or get you to switch your mortgage to them.

No. Such information is used as part of their Know Your Customer (KYC) due diligence to build up a profile of their customers which the bank can use to assess and manage risk in regards to money laundering.

alternate

KJSmith wrote: »

"Other" sounds like the appropriate option to me.



No. Such information is used as part of their Know Your Customer (KYC) due diligence to build up a profile of their customers which the bank can use to assess and manage risk in regards to money laundering.

nope, marketing. They might claim otherwise ...

cheesetoast

Are you a "home owner"?

Do you own a home?

No? Then no. You're "living with family".

GingerBob_3

KJSmith wrote: »

"Other" sounds like the appropriate option to me.



No. Such information is used as part of their Know Your Customer (KYC) due diligence to build up a profile of their customers which the bank can use to assess and manage risk in regards to money laundering.

So called 'Know Your Customer': MLP and an excuse to data rape punters with a view to marketing. Scumbag banks.

chesky

Wifey101 wrote: »

I don't want to rock the boat with hubby so probably won't go ahead and register my interest.

Good heavens! Why on earth would you be rocking the boat? Surely he would see you as his life partner. And what does he say about the form and how HE thinks you should answer.

Dird

Dan83 wrote: »

A close friend bought a house, a few years later met a girl, married her ect ect, few years later split up and got divorced, she tried to take him for half of his house but couldn't touch it, because he had it before they met.

At least the world hasn't gone completely crazy to reward such a woman

anoncol

Do you pay half the mortgage?

YorkshireBoy

anoncol wrote: »

Do you pay half the mortgage?

The problem is that if the OP claims to be a "home owner with mortgage" or "home owner/mortgaged" (depending on how the specific question is worded), then the lender will expect to see a mortgage account shown on the CRA search report.

If it isn't one there, then that may raise some questions.

polymaff

A classic MSE zombie thread. :rotfl: