my partner and i live together, we have two children but are not married. the mortgage is in his name, simply because i have bad credit from debts when i was younger, and having me on the mortgage would've upped the payments as we'd have been high risk. i put 30k down into the house, and so we have something written up to say i'm owed that after the sale of the house. but what i'm concerned about, is the fact it looks like we're about to split up, but he will be leaving the house, and i'll be paying the bills and half the mortgage (at the moment he pays everything, but i don't want to up-root the kids by selling the house, so will be getting a job so i can stay here), so i want myself added to the deeds, but am not even sure if this is possible and whether it would affect the existing mortgage in anyway.
it seems odd that i could stay here and pay my way and deal with improving the house etc, yet it's technically his house
2007-08-21 07:50:49 · 3 answers · asked by Anon 4 in Politics & Government ➔ Law & Ethics
you would have to buy him out of the house, then your name would go on the deeds, i did this when i got divorced. im sure You cant put your name on the deeds if your not on the mortgage anyway i dont think your ex would let you do this because that would be like just signing the house over to you. if he allows you to put your name on the deeds and not the mortgage then that means you own half the house without any commitment to the mortgage and you only put in 30 k, so legally you could then sell it and walk away with half of whats left after paying off the mortgage.....a good deal if he's willing to do that, you need legal advice, if you can afford to pay the mortgage why not see a financial advisor about getting a celf cert mortgage as you already have 30 k in the property.
2007-08-21 08:01:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋
...you can add your name to the deeds - consult a solicitor, its not that big a process. It is really important you sort out financial things now while things are amicable as things could easily change in the future (he may get another partner, have other kids and want the house back for instance). It would probably benefit you both to have a legal document outlining the situation you have described.
2007-08-21 14:56:38 · answer #2 · answered by K R 2 · 0⤊ 0⤋
It would be quite easy to transfer ownership from your partner only to your partner and yourself as joint owners, but you will have to arrange this through a solicitor. Your partner will also have to agree to this. This should not affect your mortgage arrangements but your solicitor should be able to check to make sure.
2007-08-21 18:13:12 · answer #3 · answered by Huh? 7 · 0⤊ 0⤋