I’d like to be added to the title deeds

Mojisola

Bangerchick wrote: »

if anything happened to him I’d get all of the house.

AdrianC wrote: »

If he dies without a will, or with a will leaving it to you, yes.

If he dies with a will leaving the house to somebody else, no.

If he dies without a will, the spouse gets the first 250k plus half of the remainder of the estate (and the personal chattels). The other half of the remainder of the estate goes to the children.

Depending on where in the country and what house prices are like, that might mean the house has to be sold to give the children their share.

AdrianC

^ Mojisola makes an important point. I was simplifying, assuming the house had <£250k equity. I may well be right, but I should have clarified.

markin

If he had a partner when he got the house she could be on a will made at the time, the could be 3 kids on it as well!

Slinky

I'm reading this that your OH has 'owned' the property for 19 years on an interest only mortgage with no plan in place to pay off the capital owed. How much longer does the mortgage run for? How much capital is owed? Can he/you afford to pay off that capital? I'd be worried about putting money in to repair the roof on a house he/you can't afford to pay for.

AdrianC

markin wrote: »

If he had a partner when he got the house she could be on a will made at the time, the could be 3 kids on it as well!

The marriage would have voided any previous will.

AnotherJoe

Bangerchick wrote: »

Thanks for your advice everyone. No he hasn’t a Will but as I’ve just lost my father who had no Will it’s made us realise how important making one is! Also we have a 13 year old daughter.
I’m hoping to start work properly soon and want to contribute towards the mortgage as we are only paying interest so want to start paying it off. so maybe I should wait until then and say I’d like to be on both mortgage and deeds.

Oh. My. God. :eek:

That changes everything.

Absolutely do not put anything into this house and certainly dont start spending money on roof and kitchen until that situation is sorted out and you can see a way clear to go onto repayments and become eventual 100% owners.
Otherwise the "you'll get the house" when he dies becomes much less of a good deal, you'll just get whatever equity there is, which may be minimal for all we know. At present you are effectively renting the house with a savings account associated with it called "whatever equity is in there" which given the hisue is in such a state it needs a new roof, may nit be much.
Have you two got life insurance? Alongside an IO mortgage for ?19? years and no will, I'm guessing the answer is "nope".
And I strongly sugegst your approach should not be "I'd like to be on mortgage and deeds" it must be "I will be on mortgage and deeds of the new repayment mortgage or the new roof and kitchen aint happening"

steampowered

What AnotherJoe said

Do you know what interest rate you are paying on the mortgage?

If its a high interest rate you are literally just throwing money at the bank for nothing, and you should be remortgaging ASAP. Which would be an excellent opportunity to go on the deeds.