can i have sole ownership with a joint mortgage?

[mshane]

can i have sole ownership with a joint mortgage?

[sandyRoe]

I'd say whoever was paying the other half of the mortgage would have some claim

[bushbaby_de]

Presumably if you have a joint mortgage you would be registered as joint owners on the land registry - i can't think of a circumstance where this wouldn't be the case.

[Buenchico]

If you had a joint mortgage with another person (but had sole ownership of the property), and you were to die, the other person would then have a massive loan from the lender but (as he/she didn't own the property) absolutely no security whatsoever to back it up with.

No lender would advance funds where such a situation might arise.

Chris

[1eyedjack]

This is a common question that arises when one high-income relative wishes to assist a low-income relative (offspring?) onto the housing ladder but does not want to get saddled with a CGT bill as the value of the property grows. Typically the income of the offspring would not meet the "multiplier" targets. Usual sollutions are (1) the high income relative acts as guarantor to the mortgage without being named on it, or (2) hold the property in joint names but declare a bare trust in which it is held virtually entirely for the benefit of the desired party.