Hi,
This might belong under "Issues with joint mortgages" but there isn't any splitting up involved. The opposite actually, I got married. Back in 2006 I got a joint mortgage with my father, only because I wouldn't have been given one on my own. My wife & I would like the mortgage in our names now (it's fine by my father - he's not paying it!). I know there's probably a bit involved in this. My wife will probably have to be assessed for her suitability etc. There shouldn't be any issues there, she has a good job.
My concern is that we have a tracker mortgage which I obviously want to keep, above anything else. Could the request to put my wife on the mortgage give the bank cause to impose new
mortgage terms? I'm worried they could say it's effectively a new mortgage. I know banks would love to get people of trackers, so I'm a bit paranoid about saying anything at all.
If anyone knows if they can do that I would appreciate any advice
This might belong under "Issues with joint mortgages" but there isn't any splitting up involved. The opposite actually, I got married. Back in 2006 I got a joint mortgage with my father, only because I wouldn't have been given one on my own. My wife & I would like the mortgage in our names now (it's fine by my father - he's not paying it!). I know there's probably a bit involved in this. My wife will probably have to be assessed for her suitability etc. There shouldn't be any issues there, she has a good job.
My concern is that we have a tracker mortgage which I obviously want to keep, above anything else. Could the request to put my wife on the mortgage give the bank cause to impose new
mortgage terms? I'm worried they could say it's effectively a new mortgage. I know banks would love to get people of trackers, so I'm a bit paranoid about saying anything at all.
If anyone knows if they can do that I would appreciate any advice