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Can the presence of occupiers have a negative impact on mortgage offer?
fryderykchopin
Posts: 83 Forumite
I am British but my fiancee is not and in fact she cannot live in the UK yet (we will apply for marriage visa after completion), therefore she has no credit record in UK.
I have already received a mortgage offer from HSBC and my solicitor says that fiancee (who will be living at the property without being involved in the mortgage or the legal title of the house) has to sign an occupier's deed of consent. Is the existence of this occupier likely to affect the mortgage offer, for example reduce or withdraw the offer? I have heard that some banks run credit checks on occupiers, but she actually has no credit record at all in the UK, which might not necessarily be good. I am worried that they may withdraw the offer in the last minute or reduce how much they are prepared to lend.
I have already received a mortgage offer from HSBC and my solicitor says that fiancee (who will be living at the property without being involved in the mortgage or the legal title of the house) has to sign an occupier's deed of consent. Is the existence of this occupier likely to affect the mortgage offer, for example reduce or withdraw the offer? I have heard that some banks run credit checks on occupiers, but she actually has no credit record at all in the UK, which might not necessarily be good. I am worried that they may withdraw the offer in the last minute or reduce how much they are prepared to lend.
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No HSBC will be fine with that. They don't credit check occupiers . You can also stick her on the deeds with hsbc if you want to. They allow sole borrower joint owner2
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Is she contributing to the deposit?0
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No, she is not. I will be paying the house 100% by myself and will be the sole owner.Thrugelmir said:Is she contributing to the deposit?
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When do you expect to complete your purchase and when do you expect her to move in? The consent to mortgage only applies to those who will be residing in the property on the day of completion.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.1
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I didn't know this!kingstreet said:When do you expect to complete your purchase and when do you expect her to move in? The consent to mortgage only applies to those who will be residing in the property on the day of completion.
We will apply for marriage visa once the house is in my name, which means that she would move in several months after completion.
I explained all the details to my solicitor but they insisted in getting her to sign a deed of consent - maybe because they are charging me an extra 60 quid just for this!
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