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On the purchase contract it'll say the purchaser something like 'Mr John & Mrs Mary Smith as joint tenants' or something similar? You really need to talk to your conveyancer/solictor if you want to edit the contract. They'll advise whether its possible and what the costs /ramifications are.

Ownership is what determines deductibility, not the loan. The loan could be in my name for all you care, you'd still get full deductibility on it. If you want the benefits, then it (the property NOT the loan) has to be entirely in your name (or at least majority of it, say 90/10 or 80/20 or...