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    • SouthernBrummie
    • By SouthernBrummie 12th Mar 18, 4:08 PM
    • 1Posts
    • 1Thanks
    Separating mortgage & remortgaging
    • #1
    • 12th Mar 18, 4:08 PM
    Separating mortgage & remortgaging 12th Mar 18 at 4:08 PM
    Hi, I'm wondering if anyone has any guidance. My partner and I are separating, I'm hoping to be able to prove that I can afford the mortgage on my own. However the fixed price will come to an end a month or so after 6m of paying it myself. Does anyone know how a remortgage would work as the mortgage we have is significantly larger than I would achieve on my own? Any guidance appreciated! I'm frantically trying to reduce every outgoing I/we have in order to afford to keep our family home on my own.
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    • Thrugelmir
    • By Thrugelmir 12th Mar 18, 4:17 PM
    • 57,892 Posts
    • 51,262 Thanks
    • #2
    • 12th Mar 18, 4:17 PM
    • #2
    • 12th Mar 18, 4:17 PM
    Would extending the mortgage term make the monthly outgoings affordable? There's no magic bullet if the numbers don't stack up. A position many people find themselves in every day.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
    • Tom99
    • By Tom99 12th Mar 18, 5:13 PM
    • 1,575 Posts
    • 1,017 Thanks
    • #3
    • 12th Mar 18, 5:13 PM
    • #3
    • 12th Mar 18, 5:13 PM
    I assume you want to remove your ex partner as an owner, buy them out and take them off the mortgage so that you own the whole house?
    But if the mortgage you need is, as you say, significantly larger than you would get based on your own income I don't see how you can achieve that.
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