We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Taking ex off mortgage
nikki2203
Posts: 1 Newbie
Hi
Wanting advice from anyone about taking my ex name off the mortgage we have and putting my new partners name onto mortgage instead. would the mortgage lender do this and if so how much would it cost, Help!!
Wanting advice from anyone about taking my ex name off the mortgage we have and putting my new partners name onto mortgage instead. would the mortgage lender do this and if so how much would it cost, Help!!
0
Comments
-
Depends on new partner's income etc and whether together you meet lender's present income criteria. I have had clients where the lender would only agree if the loan was reduced to fall within their present Loan to Value critieria (in that case 95% to 75% value).
You will need a solicitor as lender will want to make sure it is done properly.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.6K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.6K Work, Benefits & Business
- 600K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards