4 ms·

Same here. We completed over the summer and even had to provide our marriage certificate to the bank (no idea why, are single people not allowed mortgages?). So

by spzb 5y ago

Same here. We completed over the summer and even had to provide our marriage certificate to the bank (no idea why, are single people not allowed mortgages?). Sounds very much like the conveyancers (lawyers) screwed up massively. There still some bits of this story I don't understand. Like, how did the fraudster get access to the house in the first place? Did he break in then fix the damage and replace the locks so he had a set of keys to give to the "buyer"?

mcguire 5y ago
The breaking in is not really that hard. It could be a simple as calling a locksmith, telling them you were out of town on business and lost your keys, and asking them to re-key or replace the locks. If you've got the ID to sell the house, you certainly have enough ID to convince anyone else.
martyvis 5y ago
>no idea why, are single people not allowed mortgages? The bank needs to know the status of the relationship because in the terrible event of it breaking up, your partner would have equity in the asset.
- blitzar 5y ago
  The mortgage lists the equity, joint implies 50-50 unless you were to specify otherwise. There is zero difference if you are married, best friends, siblings, co habitating, two people who had never met before etc. In all likelyhood a divorce would change the equity, not keep it 50-50.
  - 7952 5y ago
    But if you die without a will there will be different heirs for your part of the property.
    - blitzar 5y ago
      So the bank really should be asking for a copy of the will rather than a certificate of marriage.
dragonwriter 5y ago
> We completed over the summer and even had to provide our marriage certificate to the bank (no idea why, are single people not allowed mortgages?). Single people are allowed mortgages. Certain property ownership forms are only available to married couples, and anything recorded in that form incorrectly will revert to a different form with different consequences if the owners were not qualified; there are also different provisions that might affect other interests in the property that apply based on the presence of absence of a marital relationship among the owners. So, a lienholder is going to want to be as certain as possible about the actual relation of the parties.

by spzb 5y ago

mcguire 5y ago

The breaking in is not really that hard. It could be a simple as calling a locksmith, telling them you were out of town on business and lost your keys, and asking them to re-key or replace the locks. If you've got the ID to sell the house, you certainly have enough ID to convince anyone else.

martyvis 5y ago

>no idea why, are single people not allowed mortgages? The bank needs to know the status of the relationship because in the terrible event of it breaking up, your partner would have equity in the asset.

blitzar 5y ago
The mortgage lists the equity, joint implies 50-50 unless you were to specify otherwise. There is zero difference if you are married, best friends, siblings, co habitating, two people who had never met before etc. In all likelyhood a divorce would change the equity, not keep it 50-50.
- 7952 5y ago
  But if you die without a will there will be different heirs for your part of the property.
  - blitzar 5y ago
    So the bank really should be asking for a copy of the will rather than a certificate of marriage.

dragonwriter 5y ago

> We completed over the summer and even had to provide our marriage certificate to the bank (no idea why, are single people not allowed mortgages?). Single people are allowed mortgages. Certain property ownership forms are only available to married couples, and anything recorded in that form incorrectly will revert to a different form with different consequences if the owners were not qualified; there are also different provisions that might affect other interests in the property that apply based on the presence of absence of a marital relationship among the owners. So, a lienholder is going to want to be as certain as possible about the actual relation of the parties.