Nationwide - Borrowing More

skinnylove

Just a quick question. Our house & mortgage is currently only in my husband's name. I'm not listed only because I wasn't living or working in the area at the time the house sale went through so they wouldn't take my income into account.

Our LTV is about 68%. Would Nationwide allow us to borrow more, based on both our incomes, up to 80% LTV, even if I'm not on the original mortage or deeds? Or would we need to go down the transfer of deeds route before they'd consider it? Obviously the figures would need to match up too, which according to their calculator, they do.

If anyone knows, I would appreciate it.

Thanks

skinnylove

Funny_old_game

Only the income for the person names on the mortgage paperwork can be taken into account.

If you want to use yours, your right, you'll need to apply formally for a transfer of equity with additional borrowing. This process will incur at least legal fees.

skinnylove

Funny_old_game wrote: »

Only the income for the person names on the mortgage paperwork can be taken into account.

If you want to use yours, your right, you'll need to apply formally for a transfer of equity with additional borrowing. This process will incur at least legal fees.

Darn it. Thanks for responding.