Right to Buy. Do we both have to be on the mortgage?

Posted on 4 May 2013 by Mike

Hi my wife and I have put in a right to buy jointly does that mean we have to have a joint mortgage ? She is the main tenant and has maximum discount will that be affected if I'm the one having the mortgage?


Most Right To Buy lenders would insist that if the tenancy is in joint names then the mortgage must be too. If your wife was on the title deeds but not on the mortgage, then it would be impossible for the lender to take posession of the property in the (unlikely) event that you defaulted on the mortgage. Is there a particular reason that your wife wouldn't be a party to the mortgage?

If you wanted to talk your enquiry through in more detail, then please let me know and I'll a convenient time for one of our consultants to contact you.




More than mortgages, talk to me about:
Financial Protection | Investments | Personal and Corporate Pensions | Home Insurance
General Insurance | Valuations | Conveyancing | Wills | Home finders

Answers provided in response to Ask the experts 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.

You are currently offline. Some pages or content may fail to load.