Is it possible to add my name to a property deed if my husband pays the mortgage?

Jikus

Hi!

My husband and I have just bought a property and moved in. I gave money for the £28 500 deposit but we don't have a joint mortgage as I currently don't have any income, and I'm only planning to get a job. So now he owns the property and pays the mortgage. As far as I understand the lender won't add my name to a property deed unless I share the mortgage. Am I right? And the second question - is there a way to secure I will have my share of £28 500 back if we split or if he dies?

Thanks

martinsurrey

Jikus wrote: »

Hi!

My husband and I have just bought a property and moved in. I gave money for the £28 500 deposit but we don't have a joint mortgage as I currently don't have any income, and I'm only planning to get a job. So now he owns the property and pays the mortgage. As far as I understand the lender won't add my name to a property deed unless I share the mortgage. Am I right?

yes

Jikus wrote: »

And the second question - is there a way to secure I will have my share of £28 500 back if we split or if he dies?

Thanks

go back in time and sort it out before you bought, but that would have caused mortgage issues as you would have had an interest in the property but wouldn't have been on the mortgage.

but its pretty much irrelevant as you are married, and these will be considered as marital assets if you divorce, which overrides who's down on paper (unless you married last week)

G_M

The property Title cannot be changed without the lender's consent.

However, you are married, so your concern is surely unwarranted. If you divorce, the property will e included in any divorce settlement, whoever's name is on the registered Title.

Jikus

Thanks for a prompt reply! We got married in 2015 )))

xylophone

https://www.theguardian.com/money/2007/nov/28/2

http://www.hegarty.co.uk/hegarty_buying_property_together.html

If a husband is the sole earner/mortgagor because, for example, his wife is at home with a young family, it should still be possible for the deeds to show a tenancy in common?

kingstreet

And yes, you will need to tell your mortgage lender that the property will be held in joint names, as this may affect its decision to lend. You may find the lender will want to put both your names on the mortgage as well.

Back in 2007 there may have been more lenders offering sole borrower, joint proprietor than the one which exists today.