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  • FIRST POST
    • NeonRadish
    • By NeonRadish 11th Jul 17, 6:51 PM
    • 1Posts
    • 0Thanks
    NeonRadish
    Transfer of equity
    • #1
    • 11th Jul 17, 6:51 PM
    Transfer of equity 11th Jul 17 at 6:51 PM
    Hello everyone!

    Just looking for a bit of advice really.

    I split with my ex a while ago and am currently in the process of having her removed from the mortgage. I am paying all the fees for remortgaging, conveyancing etc, and have now come to the point of her signing the forms. She has come back and said it will be £350, which, to me seems ridiculous, as I had read it was in the £100-£150 mark, maximum.

    Does anyone have experience of the costs for this?

    Also, i have said i would pay this, based on up to £150, upon production of a receipt, which she seems reluctant to do, asking me to transfer money over first, and then she will do it. (She did this before, and sent a 'bill' for £144 which looks suspicious, but, as she had sent the papers back signed last time, i let it slide (photo link: http:// imgur dot com/a/43snn[/) I cannot post links as a new user...

    Thank you all for your help!
Page 1
    • silvercar
    • By silvercar 11th Jul 17, 8:53 PM
    • 35,467 Posts
    • 149,633 Thanks
    silvercar
    • #2
    • 11th Jul 17, 8:53 PM
    • #2
    • 11th Jul 17, 8:53 PM
    Hi NeonRadish and welcome to the MSE forum, to me the receipt looks odd in that it isn't numbered ( http://imgur.com/a/43snn)

    On the one hand, if it costs a bit extra to sever ties it may be worth paying, I can see that it is frustrating. Could you phone the solicitors and tell them you are paying the fees, so they should bill you?
    I'm a Board Guide on the Debate House Prices & the Economy, House Buying, Renting & Selling, Mortgages and Endowments, In My Home incl DIY, Overseas Holidays & Student boards.
    I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of moneysavingexpert.com.
    • G_M
    • By G_M 11th Jul 17, 9:01 PM
    • 40,061 Posts
    • 45,751 Thanks
    G_M
    • #3
    • 11th Jul 17, 9:01 PM
    • #3
    • 11th Jul 17, 9:01 PM
    Married or partner? Divorce setlement?

    I assume you mean she is not just "removed from the mortgage" but also coming off the Deeds?

    Is there a financial agreement on compensation for her agreed?

    What is the £350 for (I can't open your link).?
    • ThePants999
    • By ThePants999 11th Jul 17, 9:01 PM
    • 710 Posts
    • 790 Thanks
    ThePants999
    • #4
    • 11th Jul 17, 9:01 PM
    • #4
    • 11th Jul 17, 9:01 PM
    You don't want a receipt, which just confirms that someone has received money. You want to see an invoice, which shows who is billing for what services.
    • silvercar
    • By silvercar 11th Jul 17, 10:28 PM
    • 35,467 Posts
    • 149,633 Thanks
    silvercar
    • #5
    • 11th Jul 17, 10:28 PM
    • #5
    • 11th Jul 17, 10:28 PM
    Married or partner? Divorce setlement?

    I assume you mean she is not just "removed from the mortgage" but also coming off the Deeds?

    Is there a financial agreement on compensation for her agreed?

    What is the £350 for (I can't open your link).?
    Originally posted by G_M
    Link is in my post #2
    I'm a Board Guide on the Debate House Prices & the Economy, House Buying, Renting & Selling, Mortgages and Endowments, In My Home incl DIY, Overseas Holidays & Student boards.
    I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of moneysavingexpert.com.
    • kingstreet
    • By kingstreet 12th Jul 17, 9:10 AM
    • 31,553 Posts
    • 16,851 Thanks
    kingstreet
    • #6
    • 12th Jul 17, 9:10 AM
    • #6
    • 12th Jul 17, 9:10 AM
    Is she required to obtain separate independent legal advice?

    Is this the fee for that?
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • G_M
    • By G_M 13th Jul 17, 4:39 AM
    • 40,061 Posts
    • 45,751 Thanks
    G_M
    • #7
    • 13th Jul 17, 4:39 AM
    • #7
    • 13th Jul 17, 4:39 AM
    I wouldn't accept a redeipt like that. There is no mention of what it is for.
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