Mortgage-Admin, why does the solicitor need my statements

[Mel15sa]

Hello mumsnet,

me and my fiance are trying to remortgage. He has the mortgage under his name and pays the mortgage from his account, whereas I sort out all the bills (broadband, energy, car payment + insurance etc) with my account which is separate. He bought the home just before he met me.

When he is trying to remortgage, is it normal for the solicitor to ask for my proof of ID, and bank details/ bank statements too? Finding this abit odd, but my fiance says it is normal to go back 6 months. I've never been a part of this process so just wanted to check.

I might have a follow up later as it is a Help to buy mortgage.

thanks x

Yes it normal! Some of them even do over 12 months (dependent on jobs) but it's normal, :) x

Are you being added to the mortgage or is it going to just be in your boyfriends name?

If you're being added then yes they'll want your bank statements.

When we bought our house we both provided 6 months of bank statements and payslips because we were both named on the mortgage - the solicitor shouldn't need anything from you unless you're being named on / applying for the remortgage. If you're remortgaging together and adding you on, then yes it's normal (makes sure you're earning what you say you are and that there's no red flags in your spending like huge gambling transactions etc).

Helloo, oh no I am not being added to it, we have talked about it between us but were happy with how things are, mortgage/home in his name and I do the bills. x

If you're not being added to the mortgage at all and your names are no where near then there's no reason for the solicitor to need your bank statements that I can see!

Has the solicitor definitely requested them?

If you're just living there and not named on the mortgage I'm confused why they'd ask - similar to if you had a lodger paying the bills, the mortgage company wouldn't want to see their bank statements?

They shouldn't need anything from you in the way of bank statements if you're not being added to it.

No reason you should have to provide this. The only thing they might ask for is you to sign a form saying you don't have any financial interest in the house. My adult son had to do this.

oohh right okay, I will go ask him as when he came back from meeting the solicitor he told me they want to see 'our' statements for the last 6 months. Let me check what was actually discussed. Thanks x

Hopefully you are due to get married soon because this is the most unfair way for an unmarried couple to split expenses. It means if you split, you can’t show you paid a penny towards the house so you get nothing while he walks away with all the equity despite you quite possibly paying as the same as him each month.

As for the accounts, if he couldn’t afford the mortgage without you covering everything else, maybe they want proof you can afford the bills?

Have you really thought this through? While you might be paying out similar amounts of money, so it seems 'fair', his money is being put towards building an asset, while yours is being spent on living costs.

If you split, he'll own some or all of a house, and you'll have nothing, despite having paid his share of the bills in the time you were together.

On the matter of what the mortgage company want to see, they want to see that he can afford to pay bills as well as the mortgage, because if he didn't have your income, either because you lost your job, or separated, he'd still need to pay for things like utilities, food, council tax, car payments etc as well as the mortgage, so it's normal for the mortgage company to want to check that applicants can afford all living costs in addition to the mortgage.

Legally you have less status than a lodger.
So that means nobody needs to see your bank statements. Also, have a think how you feel about that

Crazy way to split things - when is the wedding? The point of remortgaging is the perfect time to add you to it. Is there a reason not to?

to answer the question though- if you’re no named on it at all they don’t have any need for your statements

Not sure if you are being added to the mortgage, but even if not I can understand why they may ask to see your statements.
If you are paying the other bills they need to assess how much those bills are, and if your partner can afford them if you left. Or they could just ask to seethe bills associated with the property.

Just wanted to echo the other replies, this is a really unfair way to split costs and leaves you vulnerable if the relationship breaks down. You’re getting married, put your name on the mortgage now, open a joint account and pay the mortgage and bills from there.

@Isyesterdaytomorrowtoday @BarbaraofSeville @Zpack @Talia99 oh wow I felt abit terrible from reading that! We are getting married in October this year. I called him a few moments ago to clarify what/ why is going on. He mentioned to the solicitor he was getting married. She explained that if he was thinking of adding his future wife on the mortgage, they would need my details too. Long story short he says he planned to properly talk about it with me this week but didn't want to make a fuss and just assumed I would want to be on it sooner or later...which clearly now I do, as I do contribute to the household. We will speak about properly this evening but suppose it was my naivity in this area and not realising what you were saying above. Sometimes he just does things without telling me all the ins and outs! x thank yooouu Okay, so I provide my details because I am seen to be contributing to the mortgage? 😃x