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Mortgage figures

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    #32
    Dolbhad
    Registered Users Posts: 782 ✭✭✭Dolbhad


    When you are married and house is one spouse’s name, that spouse cannot sell or remortgage the property without the other spouse’s consent consent if it’s your family home. Do note you have to provide a “gift “ letter to bank to get loan offer but they will then require you to sign a deed of confirmation. Ulster Bank will insist you go to independent solicitor (the one not acting for your husband) to sign it saying it’s a gift or if it’s a loan, that the bank comes first on their charge. You would need to take legal advice if you were to proceed when signing this. So you can say it’s a loan but bank will want to ensure they get paid first of house is sold.

    But depending on the bank your husband solicitor could see do they would agree to you have registered a right of residence in the property for life. Or potentially if you could register a lower charge in the property. However you are getting the benefit of the property i.e you will live there so Bank may not agree to this considering the rights you have under the various family law acts. But you will need to talk to a solicitor about the best way for you to proceed.

    Also credit unions do offer mortgages. Interest rates are high but could be an option.


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