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If we take out a mortgage using only dh's salary can the house still be in both our names??

(46 Posts)
CountessDracula Thu 23-Aug-07 14:20:12

I'm sure the answer is yes but I wanted to check!

We have always done based on both of our income before but I am self employed at the moment so makes sense to only use dh's.

Will I still own half the house (will still be paying 50% of mortgage)

Hurlyburly Thu 23-Aug-07 14:22:08


paddingtonbear1 Thu 23-Aug-07 14:22:31

my colleague at work does this - his partner doesn't work and the mortgage is based on his salary, but the house is in joint names.

SlightlyMadStar Thu 23-Aug-07 14:22:59

Yes - only my salary was taken into account when we got a mortgage 10yrs ago.

elliott Thu 23-Aug-07 14:23:26

Yes. Ownership is the legal bit and nothing to do with the mortgage. Pretty sure the mortgage can still be in both your names too (cue loud sound of sucking eggs...)
Are you moving or just super organised about your finances?

MrsWobble Thu 23-Aug-07 14:23:31

yes - ownership is separate to financing although I think that mortgage companies insist that the borrower is on the deeds (but that's the reverse of your question)

oliveoil Thu 23-Aug-07 14:24:02


when we came back from travelling I was temping so didn't 'count' on the mortgage

just did it on dh's salary, both names on mortgage

CountessDracula Thu 23-Aug-07 14:24:25

no I am a rate tart!
Re mortgage every couple of years

CountessDracula Thu 23-Aug-07 14:24:51

Thanks all

lulurose Thu 23-Aug-07 14:26:44

Yes....our mortgage is based only on my dhs salary and I am on the deeds...oh yes!!

bozza Thu 23-Aug-07 14:26:46

Yes surely loads of SAHMs are in this position?

Fimbo Thu 23-Aug-07 14:27:23

Yes. Our mortgage is only based on dh's salary.

We are waiting to move into a new house, the mortgage is in dh's name only as my parents are moving down here shortly and their house is going in my name. But we have some legality forms that state I am jointly entitled to live in our new house (can't remember all the legal terms for it, but basically dh can't just chuck me out! )

CountessDracula Thu 23-Aug-07 14:27:31

I'm sure they are
but I have never been a sahm and have always paid half mortgage and had my income taken into consideration so I don't know!

FioFio Thu 23-Aug-07 14:29:05

Message withdrawn

bilblio Thu 23-Aug-07 14:29:41

Our circumstances are similar. DP is self employed and doesn't really have any income to speak of, so we based our mortgage on my salary. To get DP's name on the mortgage we had to say that DP had some income, but we put down that he earned around £500 a year and the bank were happy with that. We didn't even have to provide proof.

As far as owning half the house you need to speak to the solicitor who writes out the deeds and make sure that's what is written.

doggiesayswoof Thu 23-Aug-07 14:30:03

First house I bought was on my salary only as ex dh was a student. His name was on the mortgage and he was joint owner of house.

oliveoil Thu 23-Aug-07 14:31:52

do we have a consensus yet?

CountessDracula Thu 23-Aug-07 14:32:08

am liking this mortgage

SlightlyMadStar Thu 23-Aug-07 14:35:12

YBS have had lots of awards for mortgage lending in the last few years I think...

CountessDracula Thu 23-Aug-07 14:35:31

I think a capped rate makes sense atm

elliott Thu 23-Aug-07 14:38:30

I never really shop around - perhaps I should - but the only thing I really care about is complete flexibility - the one time I went for a fix I ended up paying penalties when I paid off a lump sum!
But yes I can see the attraction at the moment (ponders very large new mortgage acquired at the top of the housing market...)

aloha Thu 23-Aug-07 14:39:47

Yes, but it doesn't really matter because you are married, so everything is jointly owned anyway in a marriage.

CountessDracula Thu 23-Aug-07 14:40:20

well I agree
But most will let you repay 10% a year (like this one)

You can always invest your lump in an ISA then pay it off at end of fixed rate

CountessDracula Thu 23-Aug-07 14:41:19

(if not using full isa allowance already of coure)

FioFio Thu 23-Aug-07 14:41:26

Message withdrawn

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