How to change from a joint home ownership and joint Mortgage
Discussion
How to change from a joint home ownership and joint Mortgage to single owner and single mortgage Simply and cheaply.
Friend of mine bought a house with her then partner 12 years ago. Joint ownership and mortgage.
He left nine years ago and never paid anything towards mortgage or child support in that time.
He now wants clear of the house and mortgage.
How can my friend get the house and mortgage in her name? She has paid the mortgage alone for the last nine years.
But doubt the lenders will take this into account.
Her earnings are not enough to handle the mortgage alone going by the lenders rules on paper.
Obviously sacrifices have been made to be managing it.
She wants it all in her name and continue on as she has for the past number of years. What is the best and cheapest way to go about it?
The mortgage is interest only and no capital has been repaid.
Nothing is in place to repair the capital and no savings have been put towards it.
Once in a single name arrangements will be made to start repaying the capital.
Friend of mine bought a house with her then partner 12 years ago. Joint ownership and mortgage.
He left nine years ago and never paid anything towards mortgage or child support in that time.
He now wants clear of the house and mortgage.
How can my friend get the house and mortgage in her name? She has paid the mortgage alone for the last nine years.
But doubt the lenders will take this into account.
Her earnings are not enough to handle the mortgage alone going by the lenders rules on paper.
Obviously sacrifices have been made to be managing it.
She wants it all in her name and continue on as she has for the past number of years. What is the best and cheapest way to go about it?
The mortgage is interest only and no capital has been repaid.
Nothing is in place to repair the capital and no savings have been put towards it.
Once in a single name arrangements will be made to start repaying the capital.
The estranged partner. Has tried to get a mortgage in his own name as he has recently separated. But can't get it as his name is still on the original one and bank said no. Hence why he wants out. Also think he has grow up and realised he has paid nothing child support mortgage in nearly ten years.
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