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 .
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.
@8till8 does it make any sense to have to apply again? Doesnt a spouse have rights to the house anyway, so bank gain nothing by forcing a reapplication?