Want to buy house with wife, but still on mortgage with my ex!

thorney1313

Hi,

In a bit of a problem.

I bought a house with my ex in 2007, we subsequently broke up at the end of 2007!

I moved out, she moved her new boyfriend in and we had a 'deed of trust' drawn up to cover me for any losses and her for any gains. I have paid nothing towards the mortgage since.

Outstanding Mortgage £106,016.66
Outstanding Unsecured £25,507.40 + £4548.30

House is valued at approx £90k

I have since got married and wish to purchase the 'right to buy' house me and my wife live in but am still on the previous mortgage.

She has subsequently had a child and because of this had to enter an IVA. She tried to add her boyfriend onto the mortgage and remove me but it couldn't be done apparently?

Me and my wife do not earn enough for me to effectively take out a second mortgage?

Any ideas? In dire need of some advice.

Thrugelmir

thorney1313 wrote: »

we had a 'deed of trust' drawn up to cover me for any losses and her for any gains.

Did your lender agree to this at the time?

Conrad

Halifax may well be able to do this. They do not require simultaneous completion and sale. They will want tp assume property is being marketed / sold.

Right to buy - you need to be on the RTB papers of course, if you want the mortgage in your name.