Title deed question

fsttb

Hi there, If we make take a joint mortgage, is it allowed to have just one of our names in the title deed without the both of us? 

MovingForwards

Depends on the lender. There are a couple of joint borrower, sole owner mortgages, but that's normally when the second one isn't living in the property eg a parent.

davidmcn

Might help if you explained to us why you're asking? 

fsttb

davidmcn said:

Might help if you explained to us why you're asking? 

Basically just want to have the deed on my partner's name and not have myself on the deed. 

AdrianC

Is this a +3% SDLT dodge?

davidmcn

fsttb said:

davidmcn said:

Might help if you explained to us why you're asking? 

Basically just want to have the deed on my partner's name and not have myself on the deed. 

Yes, but why? 

fsttb

I understand that I am asking for a question but should I explain a personal reason in a public forum if I don't want to put it out on the internet? I just want to find out if it's allowed in this country similar to a registered car keeper however the one paid for the car may be a different one in the family. I have no idea what is that 3% stamp duty dodge, we both are first time buyers if that helps. 

greatcrested

Well you've been answered, but your motivation is relevant.

The fact that you don't know the answer and need to ask indicates a limitation in your understanding. That limited understanding may well go beyond the simplistic question you ask, and extend into whether or not what you are planing will achieve the desired objective.

davidmcn

fsttb said:

I understand that I am asking for a question but should I explain a personal reason in a public forum if I don't want to put it out on the internet? 

Yes, if you want anyone to give you useful advice. It might be a public forum but we have no idea who you are. 

AdrianC

fsttb said:

I understand that I am asking for a question but should I explain a personal reason in a public forum if I don't want to put it out on the internet? I just want to find out if it's allowed in this country similar to a registered car keeper however the one paid for the car may be a different one in the family. I have no idea what is that 3% stamp duty dodge, we both are first time buyers if that helps. 

There's nothing legally that says you can't.

But mortgage lenders really prefer a nice easy 1:1 between borrowers and owners, because it makes life so much easier come repo o'clock.

If you already owned one property, and were buying another, there would be another 3% SDLT... But if you're both FTBs, that won't apply.

fsttb

Thanks, glad to know that it's possible.