IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to forumteam@moneysavingexpert.com

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
Remove name from mortgage?
Closed Thread
Views: 20,037
Thread Tools Search this Thread Display Modes
# 1
Contemplates
Old 03-03-2008, 3:33 PM
MoneySaving Stalwart
 
Join Date: May 2006
Posts: 221
Default Remove name from mortgage?

Guys, I need some advice. Due to breakup, I am wondering if and how you go about removing a name from a mortgage. Is it possible to do without remortgaging, or do you have to take out a new one?
Contemplates is offline
Report Post
# 2
bonnerbob
Old 03-03-2008, 4:52 PM
MoneySaving Convert
 
Join Date: Feb 2008
Posts: 49
Default

As long as you can prove you can make the payments, they will do such a thing for a charge. (think it was £200 admin fee). The danger is tho that the payments will be too much for just yourself. But i did it without too much problem and without remortaging.
bonnerbob is offline
Report Post
# 3
Trying to be good
Old 03-03-2008, 5:05 PM
Serious MoneySaving Fan
 
Join Date: Apr 2006
Location: The sunny South Coast
Posts: 1,737
Default

Make sure you've agreed a final financial settlement before you take on any more debt. If there's equity in the house, you may need to buy your partner out of that element as well as taking on the whole mortgage, so do work out your sums before hand.

I also had to pay stamp duty on the half house that I bought from my ex.
Mortgage Free in Three T3; target balance net 90,000 by 12 Dec 15
172,000 for a target Mortgage balance of 165,000
43,500 of a 60,000 target Cash ISAs
19,000 of a 20,000 target Savings
19,500 to go
Trying to be good is offline
Report Post
The Following User Says Thank You to Trying to be good For This Useful Post: Show me >>
# 4
brummybloke
Old 03-03-2008, 5:06 PM
Serious MoneySaving Fan
 
Join Date: Nov 2004
Posts: 1,441
Default

when i got the ex off my mortgage i had to have a new mortgage, the original one had us both down as responsible for the mortgage and for any debt, and i had to be re evaluated on my own for the mortgage, i had to pay an early redemption and new mortgage or just one of them i think, that is with coventry building society and was 9 blissful years ago.
what is the plural of moose?


slags
brummybloke is offline
Report Post
The Following User Says Thank You to brummybloke For This Useful Post: Show me >>
# 5
silvercar
Old 03-03-2008, 7:24 PM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Sep 2005
Location: South Hertfordshire
Posts: 28,739
Default

Lenders will only allow one partner to be removed from the mortgage and deeds if the remaining partner has enough income and credit rating to satisfy their current lending criteria.
silvercar is online now
Report Post
# 6
Confused landord
Old 03-03-2008, 8:37 PM
MoneySaving Convert
 
Join Date: Jan 2008
Posts: 103
Default

what happens when an ex partner has been left on the deeds and the mortgage, even though they havnt paid anything towards it in 12yrs?????its just that i know sumone in this situation and i have told them to seek advice
Confused landord is offline
Report Post
# 7
batho_777
Old 15-09-2009, 1:47 PM
MoneySaving Newbie
 
Join Date: Sep 2009
Posts: 2
Default

Similar situation with my partner.

She and her husband are now divorced and the court order stated that he should make a final payment to my partner and he would remain in the house. The court order states that my partner should sign the house over to her ex-husband when the payment has been made. He has now made the payment.

But the mortgage is still in joint names and the mortgage lender will not remove my partner from the mortgage and as her ex-husband allowed the mortgage to go into arrears for 9 months and he continually pays the mortgage late each month. It doesnt help that the mortgage is a self certified as he is self employed.

Are there any other options to remove my partner from the mortgage?

We want to get marriage in the near future but I am concerned that this will affect my ability to re-mortgage when my fixed rate lapses in 2 years.

Steve
batho_777 is offline
Report Post
# 8
adamshaw
Old 15-09-2009, 2:18 PM
MoneySaving Convert
 
Join Date: Nov 2008
Posts: 28
Default

To be honest i would remortage and get her name removed completley. Also make sure she is removed form the title deeds (check with land registry to make sure you are the sole propriter). The name should be changed on the title deed. However the solicitor will deal with this if you are using one
adamshaw is offline
Report Post
# 9
batho_777
Old 15-09-2009, 3:26 PM
MoneySaving Newbie
 
Join Date: Sep 2009
Posts: 2
Default

Quote:
Originally Posted by batho_777 View Post
Similar situation with my partner.

She and her husband are now divorced and the court order stated that he should make a final payment to my partner and he would remain in the house. The court order states that my partner should sign the house over to her ex-husband when the payment has been made. He has now made the payment.

But the mortgage is still in joint names and the mortgage lender will not remove my partner from the mortgage and as her ex-husband allowed the mortgage to go into arrears for 9 months and he continually pays the mortgage late each month. It doesnt help that the mortgage is a self certified as he is self employed.

Are there any other options to remove my partner from the mortgage?

We want to get marriage in the near future but I am concerned that this will affect my ability to re-mortgage when my fixed rate lapses in 2 years.

Steve
Forgot to say any advice would be appreciated.
batho_777 is offline
Report Post
Closed Thread

Bookmarks
 
 




Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - MoneySavingExpert.com - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

All times are GMT. The time now is 12:11 AM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 17 December 2014

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed

profile

Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

MSE's Twitter Feed

profile
  • Homes in Council Tax bands H and I will be included in the new Flood Re insurance scheme from next year, the Govt has announced today
  • Want to eat out for £5ish? Of course you do, full details in our Deals Hunters blog: http://t.co/OwyziST0dr #dealshunters
  • RT @MSE_Deals: Get £20 off when you spend £100 or more on technology or home electricals at Tesco Direct with online code. Ends Sun http://?