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Original poster

To lie to mortgage company

70 replies

siblingrevelryagain · 12/02/2015 19:34

DH and I split last year, I am in family home with our three young children (his affair).

I have always hated the house I'm in; it hasn't had any work done since we moved in 8 years ago due to having three children and me being SAHM, so is decidedly tired and shabby and the space doesn't work for us.

I have gone back to work in a school earning £9,000pa, so I want my DH to pretend we are still together so we can get a mortgage on a new home in the same town. My reasoning is that we currently have a mortgage together on this house so it's only swapping one for another, I will be paying the increased amount (£150 per month), and once we are divorced I will be stuck as I won't get a mortgage on my salary alone so this is my only chance.

There is a new development in town which would mean a shiny new house I wouldn't have to maintain as much, and more importantly would allow me to part-ex (this house would be very difficult to sell, whereas I think part-ex'ing might involve less focus on some of the cosmetic things).

So am I delusional in thinking of this as more of a 'white lie'-we're still married and we would both be as responsible in paying as when we were together. Or is this serious fraud?

OP posts:
thatstoast · 12/02/2015 21:11

There would be no lying in legal terms

So when you sign a form which details who'll be occupying the house you'll leave his name off? And then when the mortgage company asks why, you'll tell them it's because you're separated? You're right, that's not lying. That's not what you want to do though, is it? I think your thread title makes that clear.

Bearbehind · 12/02/2015 21:17

If the exDh is fucking stupid enough to agrees to it - I really don't see the big deal.

Like Whitney said 'it's not right but it's ok'

It is perfectly plausible that they split up, he moved in with his mother, they decided to give it another go in a new property but it didn't work out.

I honestly can't see the husband agreeing to it as he has it all to lose but if he does, I'd take everything the cheating fucker offered.

icelollycraving · 12/02/2015 21:23

The application process is so stringent these days. They picked up on all our direct debits,loads of stuff. Why would your exh do it?

TheGirlWhoPlayedWithFire · 12/02/2015 21:27

Hang on, even if you both agree to commit fraud by pretending to still be married, and it all goes through okay, what happens when your DH meets a new partner and wants to buy a property of his own?

Your DH would also be able to force the sale of the new home for a deposit if he is a joint owner - especially if things get less amicable a few years down the line.

It's just so risky - personally I'd advise you to stay where you are and consider seeing both a family solicitor and a mortgage broker.

Please don't commit fraud - which IS what lying on the forms would be.

PurpleCrazyHorse · 12/02/2015 22:08

See a solicitor and mortgage broker and work out what mortgage products you could go for legally and with an understanding of what happens if circumstances change (you or he meet someone else and want to sell, for example). Best to be upfront and not worry about the mortgage company digging around.

Alternatively, could you extend the existing mortgage and do the work on your current house?

sosix · 12/02/2015 22:12

Im not sure but i would be upfront. Its not worth it otherwise.

sosix · 12/02/2015 22:12

Is ex on board?Hmm

Lariflete · 12/02/2015 22:16

It is fraud - it's called mortgage fraud and you can be prosecuted for it. Please don't do it.

PtolemysNeedle · 12/02/2015 22:20

Leaving aside the legalities, if you and your H do this, you are making a big further commitment to your marriage and to each other.

That could be a good thing, because you are still married and the only parents to the same children, but you have to be clear about what you are doing. Its got to be so much more complicated than a dodgy mortgage plan.

NoArmaniNoPunani · 12/02/2015 22:38

£150 per month extra is a lot, especially if interest rates rise. I believe lenders stress test at 7%. Could you still afford it then?

If you spent that £150 per month on your existing home how long would it take to get it to a standard you'd be happy with?

MissDuke · 12/02/2015 22:59

Are you not claiming tax credits then as a single parent? You might be better off doing so, rather that tying yourself to him financially for the longterm.

CommanderShepard · 12/02/2015 23:07

He had an affair, and you think he wouldn't stitch you up? Really?

EdSheeran · 12/02/2015 23:14

Mortgage fraud aside, I think you are being naive to assume he won't stitch you up at some point. This could go tits up and he could leave you up shit creek without a paddle. This is a terrible idea, for so many reasons!

Slutbucket · 12/02/2015 23:28

Not everybody lives in the house they have a mortgage for for example a landlord. He will be either renting his bit to you or whatever arrangement. It can be done perfectly legally without lying.

BikeRunSki · 12/02/2015 23:37

DH and I recently remortgaged. We had to independently prove our residence at this address for the last 3 montgs - year. Lots of Qs about who lived in the house.

sleeponeday · 12/02/2015 23:59

Bikerun was that with a new lender, or an increase on the existing borrowing?

OP, the other consideration is that you'll never be able to remortage in the future - you'll be at the mercy of your lender's standard variable rate. Do you really want to increase the mortgage that much, in this situation?

misssmilla1 · 13/02/2015 03:31

slut that's because a non occupier landlord has to get a different type of mortgage and insurance, and both are more expensive than you can get when you're an owner / occupier.

Getting a new mortgage requires banks etc to do thorough 'know your client' checks and they will go through your details with a fine tooth comb. OP whether you like it or not, if you go down this route, you're committing fraud.

And I don't get why doing this now is better than after the divorce - how will you pay the mortgage then? Why wouldn't his support payments be counted towards this?

Topseyt · 13/02/2015 04:01

Fraud. Don't. Just don't. You WILL be found out,

BikeRunSki · 13/02/2015 05:33

sleep it was with a new lender.

Aussiemum78 · 13/02/2015 05:49

See a solicitor. Maybe you can sell the house, get a large % of the equity and buy a home, legitimately, on your own.

Trusting your xh is a bad idea, he might not stay amicable. Better to be independent as far as possible.

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