Contact UsContact Us

Can you be named on 2 residential mortgages?

Answered on 24 June 2018

Find your perfect mortgage deal

Fill out the short form below and we’ll contact you to book a free call with our mortgage experts.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
We ask for your telephone number to ensure we can reach you quickly and personally, providing a more tailored and responsive experience for your needs.
Acceptance
Read full disclaimer

By submitting this form, you consent to being contacted by John Charcol for the purposes of progressing your mortgage application.

As John Charcol is part of Pivotal Growth Ltd, you can also choose to hear about other products or services offered within the group that we believe may be helpful to you.

You can change your preferences or opt out at any time. For more details, please read our cookie and privacy statement.

Please tick above if you’d like to receive these communications:

I split from my wife a few years ago and now live in our home with my new girlfriend. I want to put her name on the mortgage and take my wife's name off. She is willing to sign over to us as the is no equity in the property. My girlfriend also as a house with her ex but we are having trouble getting her ex to take her name off even though he keeps saying he will. We want to do some improvements to the house ASAP but I don't want to till my ex name is off the house. My girlfriends dad is prepared to be a guarantor for her. Can this be done with her name already on another house?

Answered by: Nicholas Mendes

As part of adding your girlfriend to the mortgage, the lender will ask if she is named on any existing mortgages and this will need to be declared.  A mortgage is a joint and several (individual) contract so your girlfriend is liable for the whole of the existing mortgage debt until she is released from her covenants and for her to be also named on your mortgage she would have to earn enough to cover the whole of both debts.

It is possible but I think very unlikely, that your existing lender would accept a guarantor for her and allow your ex wife to be released. The only way to find out for sure is to ask them and I expect that you would not get an answer until you submitted an application.

You will need to speak to a solicitor and they can advise you whether or not there is any action you can take to get your girlfriend’s name off her existing mortgage.

Share:

Ask The Mortgage Experts answers are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them. We recommend you seek professional advice with regard to any of these topics where appropriate.

House Edits Faded@2xMask Group 106@2x

Ask your own question

We are here to help with practical answers from the independent mortgage brokers.

Ask your own question

Speak to a mortgage adviser

Fill out the short form below and choose a time that suits you. It’s a no-commitment opportunity for our experts to help you.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
We ask for your telephone number to ensure we can reach you quickly and personally, providing a more tailored and responsive experience for your needs.
+ Add further comments
Acceptance
Read full disclaimer

By submitting this form, you consent to being contacted by John Charcol for the purposes of progressing your mortgage application.

As John Charcol is part of Pivotal Growth Ltd, you can also choose to hear about other products or services offered within the group that we believe may be helpful to you.

You can change your preferences or opt out at any time. For more details, please read our cookie and privacy statement.

Please tick above if you’d like to receive these communications:

  • No obligation conversation

Ask about a second charge mortgage

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
We ask for your telephone number to ensure we can reach you quickly and personally, providing a more tailored and responsive experience for your needs.
Acceptance
Read full disclaimer

1. First Charge - I understand that a first charge mortgage could be a more cost-effective alternative to a second charge and have considered this before proceeding.

2. Existing Mortgage Product - I am currently tied into a mortgage product with an early repayment charge if I choose to leave this deal early and I have investigated the possibility of a further advance from my existing lender.

3. Product Suitability - I understand that second charge mortgages may not be suitable in all situations and that advice will be provided by our second charge partner “The Loan Partnership” to help determine if this is the right solution for me.

4. Data Sharing Consent - I agree that my name and contact information can be shared with a trusted partner firm – The Loan Partnership – to receive personalised advice on second charge options.

5. Understanding of Risk - I understand the risks associated with securing other debts against my home and my home may be repossessed if I do not keep up repayments on a mortgage or any debt secured against it. I am also aware that by consolidating existing borrowing that I may be extending the terms of the debt and increasing the total amount I repay.

Please tick above if you’d like to receive these communications:

*Please note that neither John Charcol Limited nor its Appointed Representatives are providing mortgage advice as part of this enquiry. Second charge mortgage advice will be provided by The Loan Partnership FCA ref 707809. If you need to investigate first charge mortgage options, please contact John Charcol via this contact form.

  • No obligation conversation