Mortgage Advice Please :-)

XXXGemXXX_2

Hello There,

I brought my property in 2007 and i did put over a 10% deposit down. I split with my ex-partner since than and i trying to get the mortgage in my sole name.

I have proofed to the mortgage company i can afford the mortgage through my wages and have always paid the mortgage on time. Unfortunately the mortgage company i am with, have been really unhelpful. I have come to the end of the 3yr contract i had them with. The surveyor came out to the property and has valued my property alot less, which means i have 0% in the house.

I feel this has been unvalued as there is several properties within my area that are identical to mine that has been sold for alot more money. I have sent these onto the mortgage company and than are not interested. I needed the property valuing for not much more than it has to get the mortgage anyway, as i do have 5% saved i can give them. But skiptons are saying the survey is correct and than want me to give them a further 10% just to get my ex-partners name off the mortgage.

Can anyone please give me any advice? it would very appreciated. As my ex-partner wants his name off the property asap and its going to leave me no choice to sell it and lose my money i have invested in it. I really don't know what to do.

Many Thanks :-)

CloudCuckooLand

What part of the country are you in? Have you checked the usual sources for sold prices, www.houseprices.co.uk.

Have you checked Land Registry website for regional information to back up your opinion?

If houses are really selling "for a lot more money", then would Ex making you sell result in a loss, anyway?

dimbo61

Has he been paying his half of the mortgage since he moved out ?
Sit tight and carry on paying the mortgage and build up your savings in a seperate pot ( do not overpay the mortgage )
Did he provide a deposit ? will he pay for the legals to get his name off the property.
Tell him to go to the very warm place !!!!
The Skipton wont kick you out as long as you pay the mortgage each month and your EX would have to go to court to force you to sell up IF he has put money into the property and wants his share back ( you put in the 10% deposit)
Tell him 50% of nothing ( negative equity ) is still NOTHING and thats what he will get

XXXGemXXX_2

dimbo61 wrote: »

Has he been paying his half of the mortgage since he moved out ?
Sit tight and carry on paying the mortgage and build up your savings in a seperate pot ( do not overpay the mortgage )
Did he provide a deposit ? will he pay for the legals to get his name off the property.
Tell him to go to the very warm place !!!!
The Skipton wont kick you out as long as you pay the mortgage each month and your EX would have to go to court to force you to sell up IF he has put money into the property and wants his share back ( you put in the 10% deposit)
Tell him 50% of nothing ( negative equity ) is still NOTHING and thats what he will get

Hi There, Thank you for your advice. He is not paying the mortgage, i'm paying it, Skipton knows that. If they valued the house 5% more i could get it, plus giving them my savings. Because the house dropped in value all the deposit has gone. I've been to most mortgage places, than won't lead anymore that 85%. You don't know anyone that will lead 90 or 95% please? :-)

CloudCuckooLand

dimbo61 wrote: »

Has he been paying his half of the mortgage since he moved out ?

It could be argued that he should be getting paid rent for his half of the house that she is using...which might cancel out the half-mortgage.

Agree that half of nothing is nothing. But he doesn't seem to be demanding anything.

dimbo61

You might give Yorkshire Building Society a call