Shared Ownership - Partner moving in

Andybooth23

davidmcn said:

Andybooth23 said:

She has been sent a form asking who will be living in the property after completion (bear in mind this is a 30 year mortgage, so they can't presume someones circumstances won't change).

That's immediately after completion (i.e. who is moving in with her) - not "after" for the next 30 years. So no need to declare you if you (genuinely) weren't moving in with her, but given you started this by saying "Myself and my partner are purchasing a house" I guess that isn't the case, so you should be signing.

Thankyou for that.
In fairness, I didn't explain the situation well in my opening post!

It is of course my partner who is buying the house, as I accept no claim to the property, until when/if in the future I get added to the mortgage. The aim long-term is for me to move in shortly after completion, as we are currently living together at the moment.

So my current question I guess is, would it be recommended now to disclose my name on this form and risk the whole thing falling through at the final hurdle? Or leave it as it is with just my partners name on, and when/if I move in shortly after completion, disclose this to the HA/mortgage company and put myself down as an excluded occupier (if they want this) until I get added to the mortgage a couple of years down the line?

Andybooth23

TBagpuss said:

Its perfectly normal - the lender will need you to sign something to say that you accept your interests (if any) are subject to those of the lender - basically, that you will move out if they repossess.
As between you and your partner, you would be wise to have a declaration of trust drawn up to make clear that she holds as trustee for the pair of you - your claims would still be second to those of the mortgage lender but as between you and her would record that you both have an interest in the property. Otherwise, if you and your partner had a falling out then she can simply throw you out and you would have no automatic claim on the property.

If you are going to be contributing, whether by paying the mortgage directly or by paying the other outgoings to free up your partner's income to pay the mortgage, you should have a proper trust deed drawn up to make clear that you are gaining an interest in the property by doing so. 

Hi Tbagpussm

By coincidence I have been trawling these forums, and I actually think you've answered my point perfectly in a thread from 2017. You put:
''OK, you won't need the mortgage lender's permission for him to move in. You do need to inform them if there is going to be another person living in the house at the time you take out the mortgage, but not when someone moves in after the mortgage has been registered against the property.''

So if moving in after the mortgage has been taken out, ie in 3 months time, I should be fine to move in.