can we put both names on mortgage?

[nina]

My husband and I are building. He gpt the site as a gift from his parents and it is in his name only, so that we avoid stamp duty. I was wondering though, can we both go for the mortgage and put both our names on it, or would this make us liable for stamp duty?

 

[Dave Vanian]

You can both be named on the mortgage even if only he is named on the deeds, with some lenders. Check with your broker or lender on this point before signing up.

 

[nina]

Thanks for that Dave.

 

[dewdrop]

I would have thought most lenders would want the non owning spouse to be liable on the mortgage as you will acquire some beneficial interest in the property over which the lender will require as security