Adding name to a mortgage .

pablo123

Registered User
Messages
22
Hi, Our mortgage is on my wife,s name only , We met just after she purchased our home on her own over 20 years ago , My wife paid the mortgage and I looked after everything else , It was easier at the time , Now my wife want,s to put my name on the mortgage for the remainder of its lifetime as we are making a will , We are both in our mid 50,s , Are there any added costs such as added insurance etc , Thanks for any help .
 

Brendan Burgess

Founder
Messages
43,746
You might want to get your name on the title deeds of the property. It makes no difference if you are on the mortgage or not.

There probably isn't any need for it as the spouse's rights are protected in the event of anything happening your wife.

Brendan
 

Ravima

Registered User
Messages
2,675
Banks are much happier to ADD a person to the mortgage/deeds, rather than to DELETE a person!
 

8till8

Registered User
Messages
340
I was in a similar situation and the bank wanted us to complete an application for both of us i.e. assets, earnings etc Because I am self employed it would be a big hassle so we didn't do it.
 
Top