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Mortgage Approval Before Marriage

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  • 12-10-2010 10:09am
    #1
    fast22
    Closed Accounts Posts: 1 ✭


    Hi, I have a home and my partner is building his, he just got mortgage approval and it should be complete and signed off this week, does he need to draw down some funds before we get married, just to make sure the bank cant come back on us and look to get new approval based on both our incomes (and my debt) ? hope im making sense and that someone can answer this for me please.:confused:


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    #2
    jimmycrackcorm
    Registered Users Posts: 14,339 ✭✭✭✭jimmycrackcorm


    If they were happy with approving him on his own then you being married does not enter into the equation. Your debts are your own. It would be a different case if he was required to contribute to your mortgage.


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    #3
    Ponster
    Moderators, Recreation & Hobbies Moderators Posts: 10,912 Mod ✭✭✭✭Ponster


    jimmycrackcorm wrote: »
    If they were happy with approving him on his own then you being married does not enter into the equation. Your debts are your own. It would be a different case if he was required to contribute to your mortgage.

    Interesting. Here in France the bank would have to review the mortgage to take into account the other persons debts and preexisting mortages unless a pre-nup agreement was made to define who was the owner of what. For example in the case above, the husband would now have a mortage that he didn't have when he first applied, her debts become his and so would have to alert the bank of this fact.


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