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  • FIRST POST
    • ruth347
    • By ruth347 15th Sep 17, 1:05 PM
    • 2Posts
    • 0Thanks
    ruth347
    Removing my ex partners name
    • #1
    • 15th Sep 17, 1:05 PM
    Removing my ex partners name 15th Sep 17 at 1:05 PM
    Hi I am a single mother of two currently working part time. I have had my mortgage for over 11 years and have been split from my partner for 3 years. He now wants to move on and buy a property of his own, we are joint tenants on the mortgage. I have now met a new partner and we want to try and remove my ex-partners name of the mortgage in the next few months. My new partner works full time and earns over £33k but unfortantely like me doesnt have a great credit score. I have contacted my lender who confirms that they will not remove my ex-partners name on the mortgage as myself and my new partner both have a bad credit score. We currently have no debt but my Lender confirms the new person being added has to have a clean credit score. My house is worth approx £220k and there is £140k outstanding on the mortgage. Is there any way we can put my new partner on the mortgage and remove my ex-partners name without going through our mortgage lender. I do not want to sell our family home. Please any ideas.
Page 1
    • marliepanda
    • By marliepanda 15th Sep 17, 1:34 PM
    • 4,651 Posts
    • 9,311 Thanks
    marliepanda
    • #2
    • 15th Sep 17, 1:34 PM
    • #2
    • 15th Sep 17, 1:34 PM
    Sorry, but no.
    Survey Earnings 2017 - £163
    • Neutrinno
    • By Neutrinno 15th Sep 17, 1:41 PM
    • 130 Posts
    • 61 Thanks
    Neutrinno
    • #3
    • 15th Sep 17, 1:41 PM
    • #3
    • 15th Sep 17, 1:41 PM
    Look to remortgage with another lender? It could end up costing your more of course depending on the extend of your adverse credit and will be subject to affordability checks. Does he want a share of the homes value also?
    Last edited by Neutrinno; 15-09-2017 at 1:43 PM.
    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.
    • Caz3121
    • By Caz3121 15th Sep 17, 1:57 PM
    • 10,779 Posts
    • 7,021 Thanks
    Caz3121
    • #4
    • 15th Sep 17, 1:57 PM
    • #4
    • 15th Sep 17, 1:57 PM
    duplicate post http://forums.moneysavingexpert.com/showthread.php?t=5711790
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