Hi, Ive been a long time lurker in the forums but thoughtI should take the plunge and seek a little advice before embarking on a movewith my partner.
We are currently looking to buy a house for c£400k. My otherhalf has sold her property and has cash for her half. I will be selling my flatand will contribute the same amount half being equity and the other half transferredwith my current mortgage.
So far so good.
However I can foresee a couple of potential snags that maycomplicate things. My partner is keen to buy as tenants in common and she wouldprefer not to be named on the mortgage.
Before approaching my lender I wondered if others would bekind enough to share their knowledge/experience regarding the followingquestions
- Are lenders generally happy to transfermortgages from sole ownership to tenants in common?
- Similarly will I be able to remain alone on themortgage or will it have to be a joint mortgage?
Thanks in advance
We are currently looking to buy a house for c£400k. My otherhalf has sold her property and has cash for her half. I will be selling my flatand will contribute the same amount half being equity and the other half transferredwith my current mortgage.
So far so good.
However I can foresee a couple of potential snags that maycomplicate things. My partner is keen to buy as tenants in common and she wouldprefer not to be named on the mortgage.
Before approaching my lender I wondered if others would bekind enough to share their knowledge/experience regarding the followingquestions
- Are lenders generally happy to transfermortgages from sole ownership to tenants in common?
- Similarly will I be able to remain alone on themortgage or will it have to be a joint mortgage?
Thanks in advance