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Joint Tenancy New Mortgage?
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warwick2001
Posts: 371 Forumite
Morning All,
Current situation. Married for 9 years. Bought house in 2022, with only my name on the deeds, as the mortgage in my name only due to wife not working at the time we bought. Solicitor advised to do this to avoid complications during purchase (in regards the mortgage application), and then add her to the deeds post sale. No problem.
I want to add wife to deeds as a Joint Tenancy, but I don't want to add her to the mortgage.
Is this possible? And if so, is it the TP1 form I complete?
Many thanks
Current situation. Married for 9 years. Bought house in 2022, with only my name on the deeds, as the mortgage in my name only due to wife not working at the time we bought. Solicitor advised to do this to avoid complications during purchase (in regards the mortgage application), and then add her to the deeds post sale. No problem.
I want to add wife to deeds as a Joint Tenancy, but I don't want to add her to the mortgage.
Is this possible? And if so, is it the TP1 form I complete?
Many thanks
0
Comments
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No. It isn't.
There is currently no lender willing to accept such an arrangement.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.1 -
Not sure that was great advice either, if the only issue was that she did not have an income then there was no reason to leave her off the mortgage and the deeds...warwick2001 said:Solicitor advised to do this to avoid complications during purchase (in regards the mortgage application)...
2
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