Soldato
We're looking to buy a new house. Since moving into our existing house 10 years ago, we started a family and my partner (we're not married) gave up work.
When using mortgage calculators to see how much we can borrow, the amount is significantly reduced if I add my partner as joint owner (with zero income).
If I instead add her as a dependent, along with our daughter - the amount surpasses what we actually need to borrow and all is good.
She wants to be joint owner (else her name doesn't appear on the deeds) for obvious reasons, security being the top one.
Is the same thing likely to happen when we speak to the bank? Or can they recognise why we're doing this? Is there something legal we can do or obtain in the event she can't go on the mortgage?
When using mortgage calculators to see how much we can borrow, the amount is significantly reduced if I add my partner as joint owner (with zero income).
If I instead add her as a dependent, along with our daughter - the amount surpasses what we actually need to borrow and all is good.
She wants to be joint owner (else her name doesn't appear on the deeds) for obvious reasons, security being the top one.
Is the same thing likely to happen when we speak to the bank? Or can they recognise why we're doing this? Is there something legal we can do or obtain in the event she can't go on the mortgage?