G
gifted
Guest
Hi All,
I'm hoping that somebody maybe able to clear up an question or two myself and my wife have been given conflicting information about. My wife bought a house a number of years back just before we meet taking out a tracker mortgage and buying the house in her own name. We have been paying the mortgage jointly for a number for years now from our joint account with both still in her name. We enquired if it was possible to change mortgage and names on the deeds of the house to both names but were told by the bank we would loose the tracker mortgage if we did. We have since been told a different story another person connected with the same bank.
Basically we have a baby on the way in the near future and I'm worried that if for some reason I became ill, lost my job or worst case and my share of the mortgage is not being paid we have no protection. I would earn a bit more than my wife and have access to overtime and bonuses with are also benifical.
Anybody any advice on how to keep the tracker mortgage while still being able to protect yourselves?
Thanks in advance
I'm hoping that somebody maybe able to clear up an question or two myself and my wife have been given conflicting information about. My wife bought a house a number of years back just before we meet taking out a tracker mortgage and buying the house in her own name. We have been paying the mortgage jointly for a number for years now from our joint account with both still in her name. We enquired if it was possible to change mortgage and names on the deeds of the house to both names but were told by the bank we would loose the tracker mortgage if we did. We have since been told a different story another person connected with the same bank.
Basically we have a baby on the way in the near future and I'm worried that if for some reason I became ill, lost my job or worst case and my share of the mortgage is not being paid we have no protection. I would earn a bit more than my wife and have access to overtime and bonuses with are also benifical.
Anybody any advice on how to keep the tracker mortgage while still being able to protect yourselves?
Thanks in advance
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