Our mortgage is in my wife's name. Can I buy a house in my name?

Posted on 20 September 2014 by Phil


OurThe mortgage on my home is in my wife's name only. We are looking to buy a second home to rent out, but want to take out a repayment mortgage. Can I take out the mortgage in my sole name or does it have to be a joint mortgage?

Phil,

In theory you can certainly take out a Buy To Let mortgage in your sole name, however in practice this would limit your options, because as a non-home owner, most Buy To Let lenders would classify you as a first-time-buyer / first-time-landlord.

Therefore if you did this as a joint application, there should be more options open to you.

If you'd like to talk about this in more detail, then please contact one of our consultants on 0344 346 3672 and they'll be able to give you a better idea of how we can help.

Regards,

Simon

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