Consent to Mortgage

Posted on 9 July 2012 by brad

I live in the uk the house is in my name only and the morgage will I need wife's consent to get a second morgage?


In short, yes.  Although the house and current mortgage are in your sole name you will need to get your wife's consent because she will have to waive her rights of occupation in favour of the new lender before they will make an offer of mortgage.  Without this waiver/consent the lender would not be able to evict your wife should they ever repossess the property and this would make it very difficult/impossible for them to sell it and clear their outstanding debt.

I recommend that you both, but especially your wife takes legal advice before you sign anything.


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