Hi,
I'm about to try and get my first mortgage, but for reasons of my partner having adverse credit, I have been advised to get the mortgage in my name only as I stand a far better chance of getting it, and it looks like we will just about be able to afford it.
Only thing is, one day I am going to want to have my wife on the mortgage. She had a default on her file a year ago (hence the adverse credit) so that's going to be around for another 5 years I believe. Chances are, if we buy this year, then I probably won't move again for another 5 years.
When is best to try and get her name onto the mortgage?
I understand that trying to do it mid-term will involve solicitors and legal fees and is a pain in the bum. How about when you move house?
I'm about to try and get my first mortgage, but for reasons of my partner having adverse credit, I have been advised to get the mortgage in my name only as I stand a far better chance of getting it, and it looks like we will just about be able to afford it.
Only thing is, one day I am going to want to have my wife on the mortgage. She had a default on her file a year ago (hence the adverse credit) so that's going to be around for another 5 years I believe. Chances are, if we buy this year, then I probably won't move again for another 5 years.
When is best to try and get her name onto the mortgage?
I understand that trying to do it mid-term will involve solicitors and legal fees and is a pain in the bum. How about when you move house?