We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Pros & cons of adding spouse in house purchase
Options
movilogo
Posts: 3,235 Forumite
I am in the process of buying a house.
I just like to know whether it is better to add my wife's name as the joint owner.
The mortgage will be entirely in my name though.
Is there any advantage/disadvantage of adding spouse as joint owner?
Except the obvious disadvantage in case of any separation later
I just like to know whether it is better to add my wife's name as the joint owner.
The mortgage will be entirely in my name though.
Is there any advantage/disadvantage of adding spouse as joint owner?
Except the obvious disadvantage in case of any separation later
Happiness is buying an item and then not checking its price after a month to discover it was reduced further.
0
Comments
-
if you place her on the deeds then she will also need to be on the Mortgage.
as for advantages, that is entirly your choice as a family.
Also I felt it was benefical that it was under her name in the event that something happens to me or may be tax reasons further down the line....0 -
I think if you are married she would be entitled to half of your home anyway should the worst happen. Is she happy not to have her name on the deeds?£4000 challenge
Currently leftover - £3872.150
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards