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Charge on Property

Mansell01
Mansell01 Posts: 2 Newbie
in House buying, renting & selling
I currently have a mortgaged house in joint names wih my ex husband. I now want to change the house over to myself and my new partner and my ex is in agreement with this.

The problem is there is a Charge on the property in his name.

Can I or is there any way I can make the changes on the deeds and mortgage to take my ex husband off this while this charge is on the property?

Can someone help me with this?

Thanks

Comments

  • N79
    N79 Posts: 2,615 Forumite
    You need to repay the debt that the charge relates to so that the holder of the charge will remove it.
  • Mansell01
    Mansell01 Posts: 2 Newbie
    Thanks for this.

    Would anyone know if I am able to sell the proprty? I know the company need to be in agreement to this but if I sell and we don't have enough equity to pay the full amount back, will the sale still be able to go ahead?

    Thanks
  • N79
    N79 Posts: 2,615 Forumite
    No, unless you reach an agreement with all the creditors who hold charges or mortgages.
This discussion has been closed.
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