I am soon to be married and we will complete a purchase of a home after the wedding. We are both from abroad; he has indefinite leave to remain (ILR) but I am on a different visa with less than a year left. I will qualify for ILR myself next year. Due to my visa situation, few lenders would offer us a joint mortgage. The two choices we had offered the highest rates despite our very large deposit. With him alone we got a much lower rate. So we decided to just get the mortgage in his name.
I am contributing half of the deposit and will be paying half of the monthly payments.
So I have a few questions:
1) Will I be able to get added to the mortgage once I get my visa next year? Then if so I will also add my name to the deed.
2) Are there any legal protections we can get drafted to make sure that if anything happens to him before I can get added to the mortage/deed, I have rights over the property?
Thanks!
I am contributing half of the deposit and will be paying half of the monthly payments.
So I have a few questions:
1) Will I be able to get added to the mortgage once I get my visa next year? Then if so I will also add my name to the deed.
2) Are there any legal protections we can get drafted to make sure that if anything happens to him before I can get added to the mortage/deed, I have rights over the property?
Thanks!