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

[CountessDracula]

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)

i suspect rates might take a dip next year (based on absolutely bugger all)
so I like sound of cap

I had a cap once before and benefited hugely from it

Er, CD, if you think that rates are going to dip, why exactly are you capping? If you were really backing your hunch, would you not be on variable?

a WHAT???
sounds painful

CD

Try Leeds buildig society, used to be Leeds and Holbeck.

We have been with them for about 10 years now, and are really impressed with them.

Because I don't have to with a capped rate
it won't go above 6.24 if they do keep going up

(that is only a quarter point rise away anyway)

but if they come down so does my mortgage

(and as I said it is based on thin air, my hunch)

we were with leeds I think before
or was it coventry?

Somewhere up norf anyway

currently portman

that's norf of her innit???

here even

Yes but CD the real value of a capped mortgage is if you think interest rates are going to go UP.

You could get a cheaper rate without the cap. So yes, a cap is a one-sided bet but you are paying for the rate insurance.

By the way. My hunch is that rates are going to carry on going up for a bit. The basis for my hunch is as scientific as yours.

As an experienced tart, you will have checked the exit penalties.

CD - just done it today with First direct. They took my drawings details just as 'background' but based the morgage on DH's. The mortgage is still joint though - not sure if that is what you want?

Also for info we went with First Direct on their fixed rate off set mortgage and got 5.79% fixed for 2 years - different rates though for different amounts.

If you've any savings you can cut a good chunk off the term of the mortgage with offset and save the tax on the savings element too.

Chappie was incredibly helpful!

Was mortified though as he was going through our cr card balances (almost nil) and credit card limits - between the two of us we have around £150k limits on our cards

o% interest rate tarts that we are!

we have done this. house is only in his name but we have had a contract drawn up at solicitors to say we have joint interest in the house should things ever go tits up between us.

Yes, we have.

Yes.

We did this because we wanted the option if we had children i didn't work if A) we could manage without my money and B)if i didn't want to.