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First mortgage - buying my ex out
Water_Woman
Posts: 2 Newbie
Hello
we have a small terrace worth about 100k. The mortgage is in my ex's name only and owes 64k. My credit is not the best but I have just upgraded my bank account and been offered a credit card by my bank, Halifax, with no problem. I bring home 2.5k monthly and do not have any other massive outgoings. I am 55 years old and have a career that will never see me out of work. So, my questions to anyone who knows more than me (which will be everyone!)
How likely am I to get a mortgage? Will what is equity in the house be ok as a deposit? Am I best getting a broker?
thanks
WW
we have a small terrace worth about 100k. The mortgage is in my ex's name only and owes 64k. My credit is not the best but I have just upgraded my bank account and been offered a credit card by my bank, Halifax, with no problem. I bring home 2.5k monthly and do not have any other massive outgoings. I am 55 years old and have a career that will never see me out of work. So, my questions to anyone who knows more than me (which will be everyone!)
How likely am I to get a mortgage? Will what is equity in the house be ok as a deposit? Am I best getting a broker?
thanks
WW
0
Comments
-
Isn't your ex entitled to half of the equity? If so you'd need a mortgage of 82k.
What credit problems do you have?0 -
Who pays the mortgage? Who is "we"?This is an open forum, anyone can post and I just did !0
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