Mortgage in DH name only. What issue's will there be too put name on it?

[LateEaster]

We are with first direct in case anyone has direct experience.

House in DH name. When it was purchased, I had bad credit rating. I don't anymore.
Are there any issues, anyone knows of for me to go on mortgage.
They won't talk to me about it and unfortunately DH is Mr procrastination.

Possible issues are:

• stamp duty land tax if half the mortgage exceeds the stamp duty land tax threshold because you are treated as buying a share of the property from your husband by agreeing to take on the liability of the mortgage with him

• an early redemption penalty if they treat your husband as replacing the mortgage with a new one

If you are married you are well protected in the event of a divorce. You can register home rights protection at the Land Registry if you are worried about him selling it without your approval.

On death though for most couples on a first marriage with no or common children it is simpler if it is in joint names and passes by survivorship on the first death as probate isn't then needed in relation to the house.

Is there a reason you want to be on the deeds other than for emotional reasons? Not putting those down, those are valid, just asking in case you already had an agreement that you would go on for another reason which might mean different issues.

It's death that most concernes me.

Having hassle of sorting out house etc.

He's done Will. We have 2 DC.

Also it would feel more like mine too if I'm on deeds.

There's about 55 grand left on mortgage with about 60 LTV?
I'm in position too be able too either pay small lump sum off it and/or start over paying it and I'd like it to be in my name also.

I would do it next time he remortgages in that case. Do you know when his current mortgage moves to the standard variable rate? He is likely to find a better deal at that point and it is a good time to add you on.

This concerns me too, I'm not on the mortgage any more because I wasn't working when we redid it however I am now.

If dh died before me would it automatically transfer to me? He has a son from a previous marriage and we have two daughters together.

I agree with op about it feeling more like "ours" of it was in joint names.

Mrs Dean without a Will my understanding is that half to you and rest between children.

Problem is Good cat,is that it's at least 3 more year's before then and I'd like to start paying now.
I think it's about 1200 early redemption fee .

I wondered if they would do credit checks on me and all that stuff too....

We just waited till the deal he was on ended, so we’re getting a new mortgage anyway. No hassle, no deposit needed from me and no stamp duty or anything like that- just provided 3 months of payslips & bank statements and a copy of photo ID and signed a few forms and that was it.

Yes, they do credit checks. And need 3 months of any credit card statements/outstanding finance (eg car) too.

Don't have credit card , or car finance. Have student debts old.... about 12 grand and not paying it off yet

In terms of overall household income it doesn't make sense to incur an early repayment charge just to add you on.

You are protected on divorce and you have wills so it would be more sensible to wait. If you view your finances as joint why not contribute more now and you can sort out ownership in three years time.

Do you sense that he would rather not transfer it to you even then?

As long as you have a will you will be fine, you will only have a problem if bankruptcy occurs as house only in husbands name.