Adding partner to Mortgage and Land Registry 31 August 2021 at 4:55PM in Mortgages & endowments 3 replies 132 views

pusb

Hi,

Within the last month my fiancé has moved in with me. We've agreed to put half of my house into her name.

From what I have read the names on the mortgage has to match what is kept with Land Registry, and vice versa.

I'm unsure as to which needs to be done first.

The mortgage is up for renewal in a few months, is it easier to just wait until then and renew the mortgage in both our names?

I'm sure this is a common situation so I'm hopeful of advice on here!

Thanks

Thrugelmir

Both will need to be done at the same time by the solicitor handling the mortgage on behalf of the lender. 

FashionHeart

pusb said:

Hi,

Within the last month my fiancé has moved in with me. We've agreed to put half of my house into her name.

From what I have read the names on the mortgage has to match what is kept with Land Registry, and vice versa.

I'm unsure as to which needs to be done first.

The mortgage is up for renewal in a few months, is it easier to just wait until then and renew the mortgage in both our names?

I'm sure this is a common situation so I'm hopeful of advice on here!

Thanks

We're in the same boat as you.

You would both need to apply for the mortgage at the same time so that the Solicitors can make the transfer. 

JonMitchell

pusb said:

Hi,

Within the last month my fiancé has moved in with me. We've agreed to put half of my house into her name.

From what I have read the names on the mortgage has to match what is kept with Land Registry, and vice versa.

I'm unsure as to which needs to be done first.

The mortgage is up for renewal in a few months, is it easier to just wait until then and renew the mortgage in both our names?

I'm sure this is a common situation so I'm hopeful of advice on here!

Thanks

Save yourself some money - when renewing your mortgage to eg a new lender, get the transfer of equity done at that time. If you start TOE done now, it may complicate things as your current lender will do a credit check for your partner, one hard search. Then if you remortgage to a new lender, another hard search done again.