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Remortgage with change of names due to break up
angeljay
Posts: 202 Forumite
I am currently on a NR together mortgage, in May 2006 I purchased a house for 84K with my ex partner and we took 100K loan in total.
The fixed rate on this ran out and I am now on their SVR on interest only as when my partner left I could not afford this.
Circumstances have now changed and with a bit of a push I could afford this, however my ex partner wants off the mortgage.
My brother has offered to help, but as I stated when the rates go back up if I stay with NR SVR I will not be able to afford it and that is not fair if his name was on the mortgage.
He has said look into a fixed rate for us both to go on, I am happy to do this but need advice on what the best fixed rate out there is.
I am not sure exactly how much my house is worth I have made improvements such as new kitchen and new central heating boiler to the house but will I have enough to get a 90% mortgage?
If not what are my other options?
Thanks,
The fixed rate on this ran out and I am now on their SVR on interest only as when my partner left I could not afford this.
Circumstances have now changed and with a bit of a push I could afford this, however my ex partner wants off the mortgage.
My brother has offered to help, but as I stated when the rates go back up if I stay with NR SVR I will not be able to afford it and that is not fair if his name was on the mortgage.
He has said look into a fixed rate for us both to go on, I am happy to do this but need advice on what the best fixed rate out there is.
I am not sure exactly how much my house is worth I have made improvements such as new kitchen and new central heating boiler to the house but will I have enough to get a 90% mortgage?
If not what are my other options?
Thanks,
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