Since the second spouse is not involved as a co-borrower, the bank can only take into account the income of the first one - the client with whom it concludes the agreement. There is a risk that the amount will be insufficient. Also, the lender may require more supporting documents, the requirements for the borrower may be tightened - for example, the duration of work at the last place.
Does this mean that banks are not ready to approve a mortgage for one spouse without the consent of the other? No, this is not true. Borrowers with high incomes and a good credit history can easily enter into mortgage agreements even with a marriage contract and no co-borrowers. Another thing is that banks have the right to tighten the requirements for such mortgages within the framework of current legislation.
Important: if a marriage contract is concluded and a mortgage is issued without the consent of the spouse, the latter loses the right to a share in the property in the event of a divorce. Also, many preferential programs may not be available to the borrower.
How to obtain a spouse's consent for a mortgage from a notary
Usually banks require the notarized consent of the second spouse. At least find your mobile number database if he/she does not become a participant in the transaction as a co-borrower. To obtain the document, you need to make an appointment with a notary and provide:
passports of both spouses;
marriage certificate;
an extract from the Unified State Register of Real Estate on the property you want to purchase with a mortgage.
It is important that both spouses are present at the notary. The specialist will check the documents and then prepare a written consent. Then the spouses and the notary will have to certify the document with their signatures. After this, the consent can be submitted to the bank and the mortgage process can continue.