ᐅ Buying a House with Friends: One Party Getting Married Before the Purchase

Hello, my colleague and I are planning to buy a house that was recently offered to us at a very good price. Since we know the sellers and they are not in a hurry, we still have some time. Both of us are currently single but in relationships. After purchasing the house, each of us would like to move into an apartment with our partners. According to financial advice we received, we could apply for the mortgage together (without our partners as well). However, one of the couples is getting married later this year. Does this mean that the married party must sign the purchase agreement together? If financing with my colleague and me is not an issue, does the future spouse still need to meet all creditworthiness requirements? (For example, a permanent employment contract, which is not currently the case due to a recent job change by the future spouse.) If that is true, would it be advisable to postpone the wedding until after the house purchase, since buying the house might otherwise not be possible?

Best regards

WenFlo88 schrieb:

So the married party has to sign the purchase contract together, right?

No. Why would that be necessary?

WenFlo88 schrieb:

If financing with my colleague and me is not an issue, does the future spouse still need to meet all creditworthiness requirements? (For example, a permanent employment contract, etc.: this is not the case because the future spouse recently changed jobs).

The future spouse has nothing to do with that.

WenFlo88 schrieb:

If that were the case, would it be advisable to postpone the wedding until after buying the house, as it might otherwise be impossible to purchase the house?

How do you come up with that idea?

In marriage, theoretically, each partner can do whatever they want. If Partner A wants to buy a house and has the funds available, they can do so.

As long as the person who signed is paying the bank, everything is fine. Even if a partner moves into the house who does not work and does not earn a single cent.

GeradeSchräg schrieb:

In a marriage, theoretically, each partner can do whatever they want. If Partner A wants to buy a house and has the funds available, they can do so.
As long as the person signing the loan services the bank, everything is fine. Even if one brings a partner into the household who does not work and does not earn a single cent.

However, the bank will deduct a “household contribution” from the net income for this partner... If the partner does not contribute anything at all, this amount will be deducted from the man’s net income.

i_b_n_a_n schrieb:

but the bank will deduct a "household contribution" from the net income for this partner

The flat rates for one or two persons differ only marginally from each other.

WenFlo88 schrieb:

Does the future spouse still need to meet all the creditworthiness requirements? (e.g., a permanent employment contract, etc.: this is not the case because the future spouse recently changed jobs)

A permanent employment contract is not necessarily required for a loan. In fact, the third party would increase the security for the bank and improve the creditworthiness.