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Removing name from mortgage
C8LNJ
Posts: 36 Forumite
Hi guys i'm looking for some advice on how to go about this.
I bought a new house in Dec 09 with my partner, in Aug 10 she left me. Ive been paying the mortgage & everything myself since then.
I need to get her name removed from the deeds.
What do I need to do?
Reason for which ive waited 6 months was for my income to go up as I finished an approvership with the company I work for, which has saw my income increase from 20kpa to 50kpa.
The house was valued at 152k in Dec 09 & loan is currently around 120k.
My ex has quite rightly stated she wants nothing from me as it was a sale of my previous property which funded this one.
Any help appreciated.
Also roughly how much will it cost?
I bought a new house in Dec 09 with my partner, in Aug 10 she left me. Ive been paying the mortgage & everything myself since then.
I need to get her name removed from the deeds.
What do I need to do?
Reason for which ive waited 6 months was for my income to go up as I finished an approvership with the company I work for, which has saw my income increase from 20kpa to 50kpa.
The house was valued at 152k in Dec 09 & loan is currently around 120k.
My ex has quite rightly stated she wants nothing from me as it was a sale of my previous property which funded this one.
Any help appreciated.
Also roughly how much will it cost?
0
Comments
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1. Contact your lender and tell them you need to do a transfer of equity to remove your partner.
2. Find a solicitor to handle it for you.
Cost, around £300 unless you remortgage at the same time and can cut it to £150 + VAT as part of a lender's fee-free deal.
I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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