-
If you are planning on starting a family, might be best not to mention that - a question they ask tends to be about pending changes to your financial situation. Wedding, children etc might reduce the amount they will lend you.
-
I have two years left on a 5 year fixed mortgage and am considering remortgaging to add my fiancée to the mortgage.
So she's going to contribute money towards the monthly repayments? Why do you need to remortgage for that? She can just give you the money.
Unless you mean gift her a share of the property and update the records on the land registry?
-
There's a lengthy discussion on this a while back. There were quite a few considerations so you may want to look back and try and find it.
Off the top of my head:
Does your fiancee already own a property, if so then there'll be hefty stamp duty to pay.
What's the value of the outstanding mortgage. Again, this will be assessed for stamp duty.I don't think being married makes a difference but I'm not 100%.
A bit of reading here https://www.gov.uk/guidance/sdlt-transferring-ownership-of-land-or-property#if-you-marry-enter-into-a-civil-partnership-or-set-up-home-together if the property has a reasonably high outstanding mortgage then it's worth looking into it properly with someone who understands the tax implications.
You are reading a single comment by @Cupcakes and its replies.
Click here to read the full conversation.
tbc
Howard
aggi
@Cupcakes
I have two years left on a 5 year fixed mortgage and am considering remortgaging to add my fiancée to the mortgage. This would also give us financial stability over the next few years and I may change my job in that time, or we might start a family. Worth doing this before we get married, or after? I suspect I should get "proper" advice albeit not sure whom to approach. IFA? Mortgage broker? Google?