seperation name change help

cstreames

HI all i own a house between myself and my wife, we seperated a while ago and she has agreed to hand the house over to myself without any finacial benefit to herself.

The problem i have is that my income alone does not meet aliance and L's requirements. She has agreed to remove her name and have my new partners name on the mortgage and deeds but due to errors long before myself l my new partners credit rating is extremely poor and no one will touch her with a barge pole.

What can i do? Can there be some sort of legal agreement?

Look forward to any help

Chris

Thrugelmir

cstreames wrote: »

Can there be some sort of legal agreement?

For what?

Your ex will no doubt wish to be removed from the existing mortgage. If you are unable to raise a mortgage then sell.

Rent until such time as your new partners credit rating improves.

cstreames

I wish to live in the house myself with my new partner, at the moment i am investing alot of my own money into the house as there was a huge outbreak of dry rot and the whole of the ground floor is a write off. So selling is not an option.

I was hoping that there could be something legally binding to stop my wife from changing her mind and insisting on selling once the house is fixed up.

Thrugelmir

cstreames wrote: »

I was hoping that there could be something legally binding to stop my wife from changing her mind and insisting on selling once the house is fixed up.

Your ex wife is liable for mortgage. A good reason why she will want to come off it. In addition this may block her from obtaining a mortgage in her own name.

cstreames

We are totally amicable and she has agreed in principal that her name would stay on the mortgage untill it can be replaced (within a reasonable time frame ) we both understand that she would liable and trust each other. But it would be nice if there was some sort of legal document which could help the situation.