Northern Rock Change of Mortgage Names

angeljay

silvercar wrote: »

Don't think lodgers income is considered - as its not guaranteed income.

Yeah I understand that, not sure what else I can do. I spoke to a lady at northern rock and she said just explain that you have made your own payments since October 2007 and they may consider it.

Robert_Sterling_3

Assuming I was the Northern Rock and I had two people who were jointly and severally liable for a loan then I would be very reluctant to take one of them of the loan.
It may be that within the next year you go into negative equity and then in might be in your best interest to share this negative equity with your ex partner.

angeljay

No the ex partner wants removing from mortgage and deeds by end of feb otherwise he says he is going to force a sale or file for bankruptcy.

Hes not paid anything towards the loan for over 12 months.

silvercar

He want what he can't have.

Lots of ex's threaten to go bankrupt if they don't get what they want. He can't go bankrupt without taking advice (a judge will check in court that he has taken advice before allowing the bankruptcy). Anyway, let him go bankrupt - then you can buy back the beneficial interest cheaply and the property is yours.

He can only force a sale by going to court and persuading a judge that it is in everyones interest to sell.