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Adding spouse onto mortgage..how?
gembo69
Posts: 40 Forumite
Hi
My husband and I have lived in the house since it was built 5 years ago. However, at the time i couldn't get a mortgage due to being out of work.
I have been full time employed since and good credit and of course my husband and I would like me to be on it.
What is the procedure? Our mortgage is also up for renewal this month.
Thanks in advance
My husband and I have lived in the house since it was built 5 years ago. However, at the time i couldn't get a mortgage due to being out of work.
I have been full time employed since and good credit and of course my husband and I would like me to be on it.
What is the procedure? Our mortgage is also up for renewal this month.
Thanks in advance
0
Comments
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A new mortgage from a new lender plus a transfer of equity or have you added to existing mortgage and a transfer of equity.
Stamp duty may be payable depending on amount of existing mortgage.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Mmmm, something a bit fishy here. You being out of work correctly means your income would not have been considered for mortgage affordability, but should have had no bearing on whether or not you were named on the mortgage from the get go. There are plenty of non working spouses with joint ownership of a property.0
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