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whitebog
Guest
Hi All, apologies if this has been answered before - I have searched and not come up with anything.
I own my own house ( well I will do, in another 27 years or so!!) Anyway my partner moved in just over a year ago and has been giving me money ever since to cover his share of things. Financially, we have both been paying half of everything each, but the house is still in my name only.
Up to now, we never really gave it much thought but I am expecting our first child and it has made me think about things
EG. If I die, the mortgage would be paid off and both he and the child would not have to worry about a roof over their heads. (no probs there) On the other hand, if he dies, I am left with a child, a mortgage and only one income.
I would like to put the house in both names ( he has some money that we would use to reduce the "new" amount borrowed) - Does this involve extra work regarding solicitors or would it be a straight forward "new" mortgage. My thinking is that it wouldn't be as technically "I" am selling the house to "us". Has anyone else added a partners name to mortgage and did it cost a fortune in solicitors fees?
THanks to all
I own my own house ( well I will do, in another 27 years or so!!) Anyway my partner moved in just over a year ago and has been giving me money ever since to cover his share of things. Financially, we have both been paying half of everything each, but the house is still in my name only.
Up to now, we never really gave it much thought but I am expecting our first child and it has made me think about things
EG. If I die, the mortgage would be paid off and both he and the child would not have to worry about a roof over their heads. (no probs there) On the other hand, if he dies, I am left with a child, a mortgage and only one income.
I would like to put the house in both names ( he has some money that we would use to reduce the "new" amount borrowed) - Does this involve extra work regarding solicitors or would it be a straight forward "new" mortgage. My thinking is that it wouldn't be as technically "I" am selling the house to "us". Has anyone else added a partners name to mortgage and did it cost a fortune in solicitors fees?
THanks to all