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If my name is on the mortgage, do I own the house?
Help-NeedtoKnow
Posts: 1 Newbie
Hi there,
As my name is on my dads mortgage, do I now own a percentage of the house?
As my name is on my dads mortgage, do I now own a percentage of the house?
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It's who is named on the title deeds that counts.
If push came to shove, it would be a costly and lengthy process to prove your ownership via mortgage records.0 -
My husband and I have a small mortgage but I am the only one who owns the house (on deeds), he has no charge on it whatsoever ..so I would say no.0
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You say your name is on the mortgage: Have you been paying some of the mortgage? If so you almost certainly have a "beneficial interest" in the place, even if not named on the deeds.0
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My husband and I have a small mortgage but I am the only one who owns the house (on deeds), he has no charge on it whatsoever ..so I would say no.
Married couples can be viewed as joint owners in the case of financial settlement if they divorce (which hopefully you won't!)...Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
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If this was a guarantor proposition, what is now known as "joint borrower, sole proprietor" you would be liable for the mortgage but would have no interest in the property.Help-NeedtoKnow wrote: »Hi there,
As my name is on my dads mortgage, do I now own a percentage of the house?
You need to know how this was set up and should check the Land Registry as advised earlier.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
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