Sole mortgage, joint ownership

Ilovehols

Can I take out an 80% Mortgage in my name only but have joint names on the deeds?

I would really appreciate some legal advice.

Many thanks

enthusiasticsaver

No. Any mortgage lender will insist on the person or persons named on the mortgage being the same as the ones on the deeds. The mortgage would be null and void if it was only in one name but the property in joint names.

getmore4less

enthusiasticsaver wrote: »

No. Any mortgage lender will insist on the person or persons named on the mortgage being the same as the ones on the deeds. The mortgage would be null and void if it was only in one name but the property in joint names.

There have been a few threads reporting HSBC have sole lender joint proprietor mortgages.

One even goes as far as the proprietor not being a party to the mortgage lending.


https://forums.moneysavingexpert.com/discussion/5763258/can-i-go-on-the-deeds-but-not-on-the-mortgage

ThePants999

Why do you need the mortgage to be in your name only? I have a joint mortgage with my wife even though she has zero income.

enthusiasticsaver

getmore4less wrote: »

There have been a few threads reporting HSBC have sole lender joint proprietor mortgages.

One even goes as far as the proprietor not being a party to the mortgage lending.


https://forums.moneysavingexpert.com/discussion/5763258/can-i-go-on-the-deeds-but-not-on-the-mortgage

I just read the thread and am surprised HSBC will allow that but as the thread showed it is an unusual occurrence even to the point where the Land registry queried it.

I have worked for several banks in the past and all of them insisted on the mortgage parties being the same as the owners registered on the deeds. Maybe the OP should try HSBC.

Ilovehols

It’s very kind of you to respond. Many thanks.