Partner still on a mortgage with his ex

Dreamweb

Funnily enough I'm in a very similar position although it's my ex that's living in the flat that we'd got together. We got the mortgage just over 4 years ago and split over a year ago. I moved out as I wasn't too keen on the area anyway and she'd already said that she wanted to stay and was happy to pay the mortgage each month herself. I met someone fairly soon after moving out and got very serious very quickly. I lived in rented accom for a bit and then we decided to move in together (rented accom again). I happily took on the responsibility of her 9 yr old boy too and we soon found out she was pregnant and we would have a baby together. Things are going great and we're moving again to somewhere bigger with garden. To cut a long story short (although I've missed that boat already sorry!) there's the joint mortgage looming in the background as my ex doesn't have sufficient credit to take it on her self although she has been keeping up with the repayments.

If it possible that if she found someone willing like a sibling that my share could be effectively transferred to them?

Sorry for hijacking but the situations were so similar!

Bram_Swinnerton

Hi
My partner and I have been to gether for a year and a half (although we've known each other for a lot longer) and live together in my house but we'd like to buy a house together. However he still has a mortgage with his ex and is having some problems.

He hasn't asked for any money, they don't have any children together and he has only taken his clothes and TV from the house.

He spoke to the mortgage company but they said he couldn't get his name taken off the mortgage without his ex being granted a new mortgage solely in her name. After 6 months or so of asking, his ex finally went to see the mortgage company and was told she could have a 90% mortgage - which was do-able as there was apparently enough equity to cover the 10%. This offer was then withdrawn and they only offered an 85% mortgage and she has consequently dragged her feet as she doesn't want to pay the extra.

My partner has now had to go to a solicitor (mainly on my insistence - I thought a year was more than long enough to have waited!!) who wrote and told her that she had a fortnight to start sorting finances or a sale would be enforced. However that was over 2 months ago and his ex has come up with various reasons not to have sorted it (holidays etc). Apparently her father has offered to go as guarantor for the mortgage.

I wouldn't want to see anyone forced out of a house but their split was a mutual decision and I feel that we can't move on because of this.

Does anyone know where we stand with this? Obviously every solicitors letter that gets bounced back with another excuse is costing us money and I'd like this sorting asap.

Any advice would be appreciated!

Claire

clairetelche1

Hi Dreamweb
Feel free to hijack - it's good to have another perspective! It all sounds very similar - things have been fairly amicable up until recently - the ex was happy to stay in the house, obviously very happy that he wasn't asking for anything from her and seemed very keen to have him off the mortgage and put it in her name. However, now it's come to the crunch things are getting awkward. My partner and I are very laid back and don't argue about anything - but this has caused some friction and I'm starting to resent the time it's taking!

Hopefully you and your ex can sort things quickly but realistically if she can't afford to get the mortgage on her own then her lifestyle will have to change and she'll have to downsize to something she can afford. I know this sounds harsh but we all have to do what's best for ourselves and our families whilst trying not to make things too difficult for the other parties involved! Good luck and hopefully we'll all be hassle free soon!!

clairetelche1

Update - all sorted, oh received a letter from the solicitor stating that his name should be off the mortgage withing 6 weeks x

Thrugelmir

clairetelche1 wrote: »

Update - all sorted, oh received a letter from the solicitor stating that his name should be off the mortgage withing 6 weeks x

And be pragmatic. Ensure you have a properly drafted agreement when you purchase a property together. It will save a lot of hassle should your relationship end.