Mortgage in my name - living with girlfriend

Arsenal2019

 

Then you may find your mortgage declined for the reasons above, lenders don't like this.

When I come to applying it would just be me applying for the mortgage anyway so I can’t see that making a difference ?

Arsenal2019

Emmia said:

@Arsenal2019 given your previous relationship broke up last year (2022/2023) how long have you been with your current girlfriend?

Perhaps you should not have her move in until you're more certain you actually want to share everything with her. 

Does she really need to move in instantly?

No - you’re absolutely right. 

It wouldn’t be right away but it’s just good to know for if/when they do move in…

EssexHebridean

Postik said:

Arsenal2019 said:

Emmia 

The bank will be more concerned about whether they can possibly evict them in the event you default.

What do you mean by this 

If you stop paying the mortgage the bank can come and turf you out.  But it's not so easy for them to do so to another adult living there that they don't have any agreement with.

The lender will almost certainly require the other party to sign precisely such an agreement - confirming that in the event of the property being repossessed, they will leave. 

BobT36

EssexHebridean said:

Postik said:

Arsenal2019 said:

Emmia 

The bank will be more concerned about whether they can possibly evict them in the event you default.

What do you mean by this 

If you stop paying the mortgage the bank can come and turf you out.  But it's not so easy for them to do so to another adult living there that they don't have any agreement with.

The lender will almost certainly require the other party to sign precisely such an agreement - confirming that in the event of the property being repossessed, they will leave. 

So anyone who gets a mortgage then gets a girlfriend  / boyfriend that they're going a little steady with (seeing how living together goes before it becomes permanent etc.), would have to have them sign such contracts? :S

Or is that just when they're together & planning to both move in at the same time from the start?

RexItaliae

Yesterday I received the mortgage offer from Natwest. As I mentioned previously in this thread, I'm buying on my own but my partner is moving in with me; before the broker sent the application they did ask me if someone else was going to move in, and I told them yes together with my partner's full name. The bank didn't object to this in the slightest and my partner wasn't contacted by anyone. Maybe it helped that my LTV is 69.8%?

Arsenal2019

So anyone who gets a mortgage then gets a girlfriend  / boyfriend that they're going a little steady with (seeing how living together goes before it becomes permanent etc.), would have to have them sign such contracts? :S

Or is that just when they're together & planning to both move in at the same time from the start?

EXACTLY my thoughts?!? Makes very little sense & I can’t see that been the case

Arsenal2019

RexItaliae said:

Yesterday I received the mortgage offer from Natwest. As I mentioned previously in this thread, I'm buying on my own but my partner is moving in with me; before the broker sent the application they did ask me if someone else was going to move in, and I told them yes together with my partner's full name. The bank didn't object to this in the slightest and my partner wasn't contacted by anyone. Maybe it helped that my LTV is 69.8%?

Thank you for the update.
and yes it could potentially have a correlation with the 69,8%.

But on another note, how would the bank know if someone was to move in straight away or in a few months time.

Mutton_Geoff

My experience with Santander was the opposite. My broker ensured that I had nobody moving into the house who was over the age of 18 otherwise it would jeopardise my mortgage application. Of course you could move someone in soon after completion but not bother telling them. This itself would be in breach of your T&Cs if you fail to notify them of the material change.

Just because you can get away with something by keeping quiet doesn't make it correct. Especially if something went wrong (relationship breakdown, house sale, sitting tenant situation), then you can't expect much/any support from your bank if you chose to lie or withhold the truth from them. As they say, ignorance is no defence but a majority of people don't see it that way.

RexItaliae

Seeing the comments in this thread, I decided to double check whether my lender (NatWest) was actually told about me buying on my own but having my partner coming living with me, as I started worrying that they were not aware and that they issued a mortgage offer anyway. The broker noticed that NatWest hadn't actually asked for this information so she raised the issue with them, and they replied that they contacted my solicitor providing them with a "occupier consent form" that they'll have to present to my partner for him to sign. The bank explained that they have no objection to my partner living with me provided they sign the form.

Arsenal2019

RexItaliae said:

Seeing the comments in this thread, I decided to double check whether my lender (NatWest) was actually told about me buying on my own but having my partner coming living with me, as I started worrying that they were not aware and that they issued a mortgage offer anyway. The broker noticed that NatWest hadn't actually asked for this information so she raised the issue with them, and they replied that they contacted my solicitor providing them with a "occupier consent form" that they'll have to present to my partner for him to sign. The bank explained that they have no objection to my partner living with me provided they sign the form.

Thank you for this information. Can I ask what was exactly on the form… that’s ofc if you feel comfortable sharing that info on here or dm

thanks