Helping partner buy a house before divorce from ex?

gtanny

Hi,

My partner and I are looking at houses together but we want the house to be in her name due to the fact she is paying the full deposit ~30% and also as I am still married to my ex, the problem is that without my income she cant get the mortgage to get the house that we want.

Is it possible for my income to be included on a mortgage without me actually owning the house?

My main and obvious concern is that if I need to be on the mortgage but if I own the house my ex could be entitled to a portion of it even though I wont have paid anything towards it myself.

I still have a good friendship with my ex and we have 2 children together and I know neither of us are the sort to argue over every little bit during a divorce (we have already separated all finances and assets and I pay child maintenance plus the odd extras towards uniforms, clothing etc...) BUT... there's a big difference between a few extra £ from my salary and being able to claim thousands because I technically part own a house.

Is it possible for us to keep going forward with a house purchase in my partners name or should we cancel all viewings and put it on the back burner until I get the divorce sorted?

Hannimal

I would speak with a solicitor about this rather than trust random people on a forum. It sounds like you're probably best finalising the divorce before buying a property with your new partner. There will be more houses. 

moneysavinghero

I guess you could try and find a mortgage provider that would accept lodger income - and then you can become a lodger and pay towards the mortgage in that way.

TBagpuss

Talk to your solicitor. If you and your ex are on good terms then one option is to get a Separation Agreement drawn up to record your financial agreement, even if you can't yet finalise the divorce / financial order. 
Then make sure that you have a declaration f trust on the new property with your current partner which defines the shares you and they each have.
Also, it's probably not a great idea to tie yourself into a new property and commitment to a new mortgage until you have resolved the financial issues with your ex and know for sure where you stand financially - otherwise , quite apart from the issue of the house, you could find that you have less disposable income than you expected, or indeed a bit more available capiatal. 

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MFWannabe

Personally I would sort out divorce and wait for that to be finalised first then you’ll know exactly how much money you have and won’t have to worry about ex being entitled to any of the new property 

wilfred30

moneysavinghero said:

I guess you could try and find a mortgage provider that would accept lodger income - and then you can become a lodger and pay towards the mortgage in that way.

He cannot be a lodger in a house where he is on the mortgage and in a relationship with the owner.