Remove ads

Introducing the LemonFools Personal Finance Calculators

Sole or joint mortgage when partnet not working

segrub
Posts: 1
Joined: March 6th, 2019, 3:10 pm

Sole or joint mortgage when partnet not working

#205989

Postby segrub » March 6th, 2019, 3:14 pm

Hi all.

Say my girlfriend and I wanted to buy a house. I am working full time, and she is not working.


From the point of view of getting a good rate and being accepted, which is better, a sole mortgage in my name, or a joint mortgage?

Thanks

DrBunsenHoneydew
Lemon Slice
Posts: 415
Joined: November 10th, 2016, 10:04 am
Has thanked: 28 times
Been thanked: 100 times

Re: Sole or joint mortgage when partnet not working

#206505

Postby DrBunsenHoneydew » March 8th, 2019, 3:26 pm

If she is going to be a joint owner on the Land Registry, she'll have be on the mortgage with most lenders. There is a way around it with a form called the "A2 indirect legal charge" and an additional form to waive the legal rights of the joint owner partner to keep living there in case of default by you, so they can then more easily re-possess. HSBC is the only big name to allow this I think.


Return to “Mortgages”

Who is online

Users browsing this forum: No registered users and 1 guest