Mortgage and DP

[Oodlesandpoodles]

Hi guys

So myself and my partner have been together since leaving high school ( currently 30).

We have rented for the entire time we are together, but are looking to buy a house.

I USED to have debt, but have since paid all of it off and have a good amount of savings ( learnt my lesson with credit cards).

My credit isn’t brilliant still, I can’t even get a phone contract in my name.

My DP has never had debt, has great credit etc.

If he were to buy a house on his “own” - I.e with my savings too but without me being on the mortgage officially.

(we have checked he’s entitled to about £250,000 from the bank on just his wage)

Would he be able to legally add me to the deed of the house? So that if in the worst case scenario I would have some sort of claim.

( just to add he proposed this idea of me asking what would be the best policy etc, he isn’t trying to scam me out of my money)

Thanks guys

How much are your savings?

I would have thought the mortgaging bank would be concerned with him adding people to the deed?

Why not work with a broker who can help find a mortgage with your combined credit ratings?

Normally the title to the house and the security for the mortgage need to be in the same names

I agree with a PP find a lender who will give a mortgage to someone with adverse credit score

Or wait a year for your credit rating to improve

Me and dh were in a similar position but it was him with the poor credit.

We decided for me to get the mortgage in my name with his contribution to the deposit. We had a legal agreement drawn up to show what we were each putting into the property and what would happen if we were to split up/die etc.

After a couple of years his credit was much improved and we were remortgaging so it was a good time to add him to the mortgage at the same time. No issues with it they just had to run a credit check and it was all very straightforward.

You'd be much wiser to marry then buy the house in his name. That way, you would be able to get at least half the equity should anything go wrong as it would be a marital asset