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When do you think ex bankrupt husband can come on mortgage?

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I have exemplary credit history. About to buy a house (selling house I bought before I knew him), along with a roughly 400k mortgage in my sole name.

He was discharged from bankruptcy in early 2018 and it was his second time. He's retired from work now (injuries at work primarily and my income is enough and far more helpful for him to take care of the children than get an easier job). He may be able to get pension soon which we think is roughly £1200pm. 

My mortgage is likely to be a 2 year fix so up for remortgage in 2022. Do you think he'd be able to come on the mortgage at this point? Let's assume his credit history has been and will be perfect since discharge...

Neither of us like this house being in my name only.

Comments

  • mwarby
    mwarby Posts: 2,049 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    2022 will  e the 5 year point, which is roughly when I was able to obtain a mortgage. It's possible he could join the mortgage at this stage, although it will depend on the lender and their attitude to risk at the time. There are a number of kenders who say never(Santander for example), many also say 6 years post discharge which would be 2024
  • Emmia
    Emmia Posts: 5,657 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    What is the reason for you not wanting the house in your name only? Presumably you've done a will that would ensure he gets the house (or the right to live in it) in the event you pass away? Do you have life insurance which would pay the mortgage off?
  • I have life ins yes plus a mortgage protection policy. He'll get the house by marriage anyway of course and my will is being updated shortly (we only recently married so it needs redoing).
    It's important to us the house is in joint names that's all.
  • onwards&upwards
    onwards&upwards Posts: 3,423 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Even when he can be named on a mortgage you might find your rates are much higher if he’s on the application, so it could be false economy, 
  • The rate for the mortgage my broker has applied for is approx 1.5% 
  • Fighter1986
    Fighter1986 Posts: 834 Forumite
    500 Posts Third Anniversary Name Dropper
    There are a large number of lenders who's criteria for eligibility is "Discharged for three years".
    Speak to an all of market broker about what you're planning to do, like London & Country.
    Your chances are alright once he reaches the timestamp of having been discharged from his bankruptcy for three years.
  • mwarby
    mwarby Posts: 2,049 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    In England yes in Scotland when I last looked a couple of years ago it was just Nationwide, who flat out declined me(affordability was not an issue)

    In England there are more lenders willing to look at sub prime borrowers, but the high street ones are 6 years or never. I suspect this would end up meaning the rate won’t be market leading in most cases (although perhaps close enough to be useful to many)
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