{"id":97992,"date":"2018-09-17T13:29:03","date_gmt":"2018-09-17T06:29:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-sign-a-statement-confirming-i-have-no-rights-to-my-boyfriends-flat\/"},"modified":"2018-09-17T14:04:07","modified_gmt":"2018-09-17T07:04:07","slug":"should-i-sign-a-statement-confirming-i-have-no-rights-to-my-boyfriends-flat","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-sign-a-statement-confirming-i-have-no-rights-to-my-boyfriends-flat\/","title":{"rendered":"Should I sign a statement confirming I have no rights to my boyfriend\u2019s flat?"},"content":{"rendered":"


\nWe live together but I don\u2019t pay rent and I\u2019m worried it will affect our mortgage when we buy a houseQ Shortly after I met my boyfriend in September 2016 he bought a flat. I moved in with him in June 2017. I pay half of the bills, but I don\u2019t pay any rent money, because this flat is his only and I never wanted contribute to his mortgage. When he bought the flat he took out a two-year fixed-rate mortgage which needs to be renewed very soon. The first time he used a broker but this time he intends to remortgage with a new product and lender. He informed the new lender that I live in his flat but do not contribute to his mortgage. The bank advised him that he should have a written confirmation from me that I don\u2019t have any tenancy rights. He wants to fix this his new mortgage for another two years, and after that we are planning to buy a house together. Is there any possibility that my written confirmation that I do not have tenancy rights to my boyfriend\u2019s flat will affect my future in any way? Is this document a requirement for any mortgage application? DCA The new lender wants you to sign what other lenders refer to as an \u201coccupier\u2019s consent form\u201d or \u201cconsent to mortgage form\u201d to make absolutely sure that you won\u2019t in the future lay claims to rights in the property. The reason that the bank wants this assurance is that it wants to be sure that if the property had to be repossessed, the property could be sold quickly. But provided your boyfriend keeps up with his mortgage payments, repossession is not a worry for either of you. As far as buying a property together goes, whatever you sign in relation to your boyfriend\u2019s current flat, will make no difference whatsoever to your future joint purchase. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Should I sign a statement confirming I have no rights to my boyfriend\u2019s flat?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We live together but I don\u2019t pay rent and I\u2019m worried it will affect our...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-97992","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-puw","jetpack-related-posts":[{"id":26846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-want-to-get-a-lodger-will-our-mortgage-rate-change\/","url_meta":{"origin":97992,"position":0},"title":"We want to get a lodger \u2013 will our mortgage rate change?","date":"September 22, 2016","format":false,"excerpt":"\r My partner and I have signed the mortgage offer on a two-bed flat, but have yet to tell the lender our rental plansQ I am about to buy a property with my partner and have agreed and signed the offer on a fixed-rate mortgage. We are buying a two-bedroom\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88051,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-i-get-a-residential-mortgage-with-immediate-consent-to-let\/","url_meta":{"origin":97992,"position":1},"title":"Can I get a residential mortgage with immediate consent to let?","date":"May 14, 2018","format":false,"excerpt":"\r I bought a house but am renting it out as I\u2019m working in a different city for a couple of years Q I bought my house in 2015 with a mortgage with an interest rate fixed for two years. At the end of the two years at the beginning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137434,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-i-have-to-switch-to-a-buy-to-let-mortgage-for-a-six-month-sabbatical\/","url_meta":{"origin":97992,"position":2},"title":"Will I have to switch to a buy-to-let mortgage for a six-month sabbatical?","date":"June 19, 2023","format":false,"excerpt":"\r We\u2019re planning a six-month trip so I\u2019d like to rent my flat out while away to cover the billsQ I bought my flat a little over a year ago, and have recently agreed to take a sabbatical with my partner. We\u2019re planning to be out of the UK for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79684,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-keep-my-flat-on-an-interest-only-mortgage-when-i-move-city\/","url_meta":{"origin":97992,"position":3},"title":"Should I keep my flat on an interest-only mortgage when I move city?","date":"February 12, 2018","format":false,"excerpt":"\r I\u2019m planning to leave London and I\u2019m thinking about renting out my property Q My family and I are planning to leave London and move north. Ultimately we want to own a house in the place we move to, but we are planning on renting for the first year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11082,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/help-to-buy-rules-mean-i-cant-rent-out-my-flat\/","url_meta":{"origin":97992,"position":4},"title":"Help-to-buy rules mean I can't rent out my flat","date":"April 21, 2016","format":false,"excerpt":"\r I want to move to my partner\u2019s house but my mortgage terms prevent me from leasing my flat out. What can I do?Q: I have a problem. I bought my flat in Manchester in June 2014 with an equity loan from the help-to-buy scheme. I met my partner in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148107,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/our-flats-rising-ground-rent-is-going-to-ruin-our-move\/","url_meta":{"origin":97992,"position":5},"title":"Our flat\u2019s rising ground rent is going to ruin our move","date":"November 12, 2024","format":false,"excerpt":"\r Our buyer\u2019s lender has pulled out because the charge rises with the property\u2019s rising value. Now the delay risks collapsing the whole chainWe found a buyer for our leasehold flat, but on the day of exchange their lender declined to offer a mortgage, despite having previously agreed in principle.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/97992"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=97992"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/97992\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=97992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=97992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=97992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}