Jump to content

Name change after marriage and remortgage


charles d

Recommended Posts

Hi All,
 
Myself and my wife have a joint mortgage for a flat purchased from a local authority, therefore it is a leasehold. It was purchased in her maiden name and she has recently updated her details to her married name.
Our Mortgage 2 year fixed period is coming to an end.
When applying for a re-mortgage do we need to inform the council to update any details in relation to the property as the mortgage application will be in her married name now. If anyone has any hints or tips in this area please let me know.
 
Your help and advice is greatly appreciated
Link to post

If you own the leasehold outright then no. If its shared owenrship they yes you would.

For the mortgage just do that in joint married names and provide a marriage certificate. The solicitor will register the title in joint names, although there might be a small surcharge for this.

Otherwise its fairly simple and painless.

043_logo_final_03.png.0cdf828351f81e6097208048ac2d018d.pngStuart Phillips

Independent, Whole of Market Mortgage Broker

AALTO Mortgages Ltd

Web  www.aaltomortgages.com

Email  sales@aaltomortgages.com

Call  020 7183 1101

Link to post
On 9/7/2020 at 12:53 PM, Stuart Phillips said:

If you own the leasehold outright then no. If its shared owenrship they yes you would.

For the mortgage just do that in joint married names and provide a marriage certificate. The solicitor will register the title in joint names, although there might be a small surcharge for this.

Otherwise its fairly simple and painless.

Thanks for your response Stuart.

We have the leasehold for the property and in this case the local authority is the Freeholder.

So there is no need for us to update the names on land registry documentation?

 

Link to post

You would want to yes, but it will be handled when you remortgage as part of that process.

  • You apply for the remortgage in joint married names
  • Recieve a mortgage offer in those names
  • Solicitor then repays the old mortgage, draws down the new and at the same time will update the land registry with the correct names too (because they need to match the mortgage)

 

043_logo_final_03.png.0cdf828351f81e6097208048ac2d018d.pngStuart Phillips

Independent, Whole of Market Mortgage Broker

AALTO Mortgages Ltd

Web  www.aaltomortgages.com

Email  sales@aaltomortgages.com

Call  020 7183 1101

Link to post
On 9/8/2020 at 4:07 PM, Stuart Phillips said:

You would want to yes, but it will be handled when you remortgage as part of that process.

  • You apply for the remortgage in joint married names
  • Recieve a mortgage offer in those names
  • Solicitor then repays the old mortgage, draws down the new and at the same time will update the land registry with the correct names too (because they need to match the mortgage)

 

This is useful information Stuart.

 

Thank you for your help :)

Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...