Partner buying house in their name

[Davman2005]

My partner is purchasing a house in her name, she has a A1 credit history where as mine is Z10! I am currently on a debt management plan with CCCS. My part applied for a mortgage when she completed the application form said I was living with her, now they won't agree to the mortgage, why is this if the house is to be in her name entirely? My partner can afford all the repayments too.

Incidently her financial advisor asked the question if she lied and said she was living alone would you have given her the mortgage - yes was the answer.

We have had this arrangement for 2.5 years and never had a proplem.

Please help

[ursula62]

It might be because if the house needed to be sold you would have rights as a sitting tenant and they couldn't force a sale.

[Davman2005]

Our current arrangement is that I have signed a document effectively not giving me any rights to the property. Is this the same?

[Killerschick]

I would say the reason for the problems with the mortgage are that financial institutions assume two people who live together are financially linked. Normally with couples this is the case, as they often have joint bank accounts, loans, utility bills etc and if one gets into difficulty it will affect the other's ability to pay.

Even if your partner had lied on the application, if you are already living together you will more than likely appear to be linked on credit reference agency records. This can be from joint utility bills, bank accounts, or just because you appear on the voter's roll together. The effect this has is that if you search one of your names, details about both of you will be retrieved, so along with your partner's A1 records come your Z10's. It is worth checking this with the major credit reference agencies, Equifax and Experian, if they do hold records in this way you can ask them to deregister the link between you & your partner, but they may not agree to this if you are a couple and do live together.

If you are not currently living together and have no joint financial arrangements, your credit history should not have come up when your partner was searched. If the mortgage company has done a seperate search on you, you should have been asked for authority and if you were't they should not have done it.

Hope this helps