I own my house outright by myself, how can my partner get a mortgage on half?

Beetroot_24

If he suddenly decides he doesn't want to pay, or finds he can't, you will have to pay it. Or lose your house. You need legal advice and you need to do what is best for you. 

SkyMay

Similar question, but partner buying a house (we both like), outright.....divorce proceedings going through.  Both are buying their own property outright.  When I sell my home (just months away), can I be put on the deeds as tenant in common when I pay partner half, so we can leave our estate as we wish in our Wills.   I have no worries about partner living in house after my demise, until their demise.  I'd be willing to move out within one year of their demise to give inheritors their half.  Will there be taxes to pay? What can we do to avoid further heavy costs?  Thanks.

Hoenir

Start a new thread for your questions. 

penners324

He's basically buying half your house.

You get a joint mortgage for half the current value. The mortgage funds then go to your bank account.

Though you'd need a Conveyancer to do all the legal paperwork and there maybe Stamp Duty tax to pay.

Sounds very expensive.

denka1

Hi all, @fergie_ great advice, thanks so much. This is what my partner and I want to do but we are struggling to find a solicitor willing to help with our request. Have you got any idea how this can be done? Many thanks 

Emmia

SkyMay said:

Similar question, but partner buying a house (we both like), outright.....divorce proceedings going through.  Both are buying their own property outright.  When I sell my home (just months away), can I be put on the deeds as tenant in common when I pay partner half, so we can leave our estate as we wish in our Wills.   I have no worries about partner living in house after my demise, until their demise.  I'd be willing to move out within one year of their demise to give inheritors their half.  Will there be taxes to pay? What can we do to avoid further heavy costs?  Thanks.

Being married would avoid some of the tax issues around IHT if assets are moved between spouses.