u/Electrical-Scar-8794

Mortagage

My husband purchased a house after our marriage using a mortgage bank The property was registered in his name only. He told me that the bank said it is not possible to add my name to the title until the mortgage is fully paid off. Is this correct under Barbadian law?

My second question is: if we were to divorce, would I have any claim to the house even though my name is not on the title? Since the house was purchased after our marriage, would I be entitled to a share of it, or is it necessary for my name to be added to the property title?

reddit.com
u/Electrical-Scar-8794 — 2 days ago

House question mortagage

I live in Barbados. My husband purchased a house after our marriage using a mortgage from CIBC. The property was registered in his name only. He told me that the bank said it is not possible to add my name to the title until the mortgage is fully paid off. Is this correct under Barbadian law?

My second question is: if we were to divorce, would I have any claim to the house even though my name is not on the title? Since the house was purchased after our marriage, would I be entitled to a share of it, or is it necessary for my name to be added to the property title?
Thanks

reddit.com
u/Electrical-Scar-8794 — 2 days ago

Question about mortgage

My husband and I live in Barbados. He obtained a mortgage from CIBC and purchased a house. The property was registered in his name only. When I asked why my name was not included on the title, he told me that the bank advised him to wait until the mortgage is fully paid off before adding my name, since he is the one making all the mortgage payments and I am currently unemployed. He also told me that different banks have different policies regarding this matter.

Whenever I bring up this subject, he becomes upset and insists that this is what the bank told him. I also asked the person who helped arrange the purchase of the house, and he told me the same thing—that my name cannot be added until the mortgage is paid off.

I would like to know whether this is actually true. Can a spouse be added to the title deed of a house in Barbados while the mortgage is still active, even if they are unemployed and not contributing to the mortgage payments? Or is it necessary to wait until the mortgage has been fully paid off?

reddit.com
u/Electrical-Scar-8794 — 3 days ago