By requiring consent, the bank also seeks to minimize risks. After all, a mortgage is usually issued for a period of 10-30 years. During this time, the couple can theoretically get divorced and divide the property - by agreement or by court order. And if one of the spouses was against the loan and/or did not know about it, then he or she can refuse to pay. In particular, go to court with a demand not to recognize the debt as common.
To minimize risks, banks also ask to involve the second spouse as a co-borrower. The motivation is clear: if the client with whom the mortgage agreement was concluded suddenly stops making payments, then it will be easier for the creditor to get the money. He simply has to make a legal demand to the co-borrower. Therefore, this option is preferable for creditors. This means that they are ready to provide more favorable mortgage terms for potential borrowers.
Important: Often, involving a spouse as a co-borrower is also beneficial to the client. In this case, the bank combines the couple's income, which significantly increases the likelihood of approval of the application and allows the lender, among other things, to reduce the rate due to reduced risks.
Yes, but only in one scenario. A mortgage without the consent of the find your mobile number database wife or husband can be issued if there is a marriage contract. It is important to specify in it:
the right of a citizen to purchase real estate using a mortgage without the consent of a spouse;
the procedure for dividing property during divorce;
other significant details.
You can sign a marriage contract at any time - it is not necessary to do this before marriage registration. If you have the document, a mortgage without the consent of your husband or wife becomes possible. Another thing is how the bank will treat this scenario and whether one of the spouses has enough income to get approval.