Add Partners Name onto Mortgage

[mairead98]

Hi All

Just a quick question for you all.

I have a mortgage out soley in my name on a property. My partner (who I am marrying next year) currently pays "rent" each month which is the equivalant of half the monthly mortgage repayment.

Ideally I would like to now add my partner onto the title deeds and onto the mortgage so everything is equal.

I was just wondering is it better to wait until we are married to make the changes or should we just go ahead and do it now?

Thanks in advance!

 

[MOB]

Easier to wait until you are married. It will be cheaper. It is not that terribly convenient to add a name to a mortgage (you have to involve the lender in the paperwork to a greater degree). However, nor does it particularly matter whether the mortgage is in joint names; What usually happens is that people just leave it until perhaps they are remortgaging, and the new mortgage will be in joint names as a matter of course;

It is quick and relatively cheap to put the family home of a married couple into joint names. This is a commonplace transaction and your solicitor will probably do it for as little as €250 plus VAT (many solicitors deliberately charge very little for this because - rather like with wills - they want to encourage people to do it)

 

[mairead98]

Thanks a million for your advice, I had thought it would be better to wait alright I just needed someone else to confirm it.

Thanks!