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    • essjaydeem
    • By essjaydeem 11th Jun 17, 12:04 AM
    • 1Posts
    • 0Thanks
    Separating with a Joint Mortgage
    • #1
    • 11th Jun 17, 12:04 AM
    Separating with a Joint Mortgage 11th Jun 17 at 12:04 AM
    After the first mortgage payment it comes to light that my so has been unfaithful; we have decided to separate.
    We have agreed that up until such a point that the joint mortgage and deeds can be transferred to my name we will continue to live together (there is a spare room!). However, I don't even know how to approach the bank? "Hi, we (I) have paid one payment of our 30 year £159k mortgage and now we don't want to be together??". I paid the £375k deposit; just me I mean.
    My union gives me two free hours with a solicitor that I will use once I know exactly what I need to do...
    Any suggestions?
Page 1
    • getmore4less
    • By getmore4less 11th Jun 17, 7:59 AM
    • 31,634 Posts
    • 18,952 Thanks
    • #2
    • 11th Jun 17, 7:59 AM
    • #2
    • 11th Jun 17, 7:59 AM
    Start with your affordability,

    If you can meet the lenders criteria then you have a chance.
    • Number75
    • By Number75 11th Jun 17, 9:17 AM
    • 183 Posts
    • 193 Thanks
    • #3
    • 11th Jun 17, 9:17 AM
    • #3
    • 11th Jun 17, 9:17 AM
    Is that right, £375K deposit?
    I really hope you protected that legally - how do you own the house, as tenants in common with separate % shares or joint tenants?

    Don't worry about the lender's opinion on you changing after one payment. They don't care that he's a cheat (sorry you're going through that) - they'll have a process and you just follow that. Will you be OK on affordability?

    My first action would be to understand how you own the house, and if it is 50/50 I'd be talking to the solicitor about the best way to get your ex to confirm in writing asap that he agrees it will not be a 50/50 split.
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