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getting a mortgage?

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watteee | 22:32 Thu 01st Feb 2007 | Business & Finance
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im going for a mortgage with my partner,she wants the mortgage in both our names as she will be contributing equally but if she gets credit checked she is afraid it might mess up our chances as her credit score is not squeeky clean,what i need to know is can she be on the deeds without getting credit checked.
if not then can a single man/woman have a mortgage,meet someone and then get their partners name added to the deeds at a later date.

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i was in the same position, myself and partner decided to get a mortgage advisor, these people have access to all companies and sometimes have close links with them. they can check for the best deals and will know what companies allow mortgaes even with ccj's. some of them don't charge either as they get a percentage once the mortgage is complete.
It's all about the lender, they will not lend to someone with an iffy credit rating, therefore what you are asking is "can I get the mortgage alone"? yes if you earn enough to satisfy the lender. The lender will have a primary charge on the property and will object to joint ownership on the basis that it effects their security. Forget "deeds" they are irrelevent now days, it's the land registry that matters. You can add your partner to the LR entry later but that will amount to a transfer of equity and you will have to get permission from the lender or you can do it when the loan is repaid.
Tranfer of equity gets you caught for stamp duty.
If you have a house in joint names and a partner moves out and the other transfers house to own name, if the house is over threshold you pay on total value, not the half share you are transfering I think.
Doesn't seem fair, but stamp duty is most unfair the way it works

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