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Adding spouse to mortgage

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  • 03-06-2015 6:45pm
    #1
    rusterie123
    Registered Users Posts: 1 ✭


    as recently married, considering whether to add spouse to mortgage. is there any reasons why i should / should not do this. i assume we have to get solicitor involved. would this be like applying for new mortgage all over again? would life cover insurance increase much with 2 people instead of one on mortgage?


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    #2
    air
    Registered Users Posts: 2,822 ✭✭✭air


    rusterie123 wrote: »
    as recently married, considering whether to add spouse to mortgage. is there any reasons why i should / should not do this. i assume we have to get solicitor involved. would this be like applying for new mortgage all over again? would life cover insurance increase much with 2 people instead of one on mortgage?

    No advantage at all for either you or your spouse.
    Take out life cover separately for your spouse if you wish.


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    #3
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Your spouse automatically acquires legal rights concerning the family home- adding them to the mortgage- doesn't matter one iota- however, often you will find in the terms of a mortgage that you have to inform the lender if your circumstances change. Getting married- is a notifiable change of circumstances (and it may also affect a lender's clear title to a property, or it may impact any loans secured against the property).


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