separating and mortgage

glkelly

I currently own my house with my husband but we have been separated for 18 months - he rents a flat nearby. I have been paying the motgage since he left with just a few difficulties in making payments last year. I want to remove his name from the mortgage and he has stated that he does not want anything from the house. However, i know on my part-time wages i will struggle to get a mortgage alone.

I am looking for advice on how best to secure the house in my name and keep my home.

I also want to know if there are any mortgages out there that would give me a mortgage based on my income and the benefits i receive, with not a great credit rating at the moment.

Any info would be really appreciated!

Annisele

I'm afraid I've no idea, but you're likely to get more help from others if you tell us:

Amount of your outstanding mortgage
Approximate value of your house
Amount you earn
Amount you receive in benefits
How old you are (no need to be too specific - really after "are you likely to retire before you've paid off your lender)
Why your credit rating isn't so great

Wh05apk

Lenders will treat it as a new application, most will take benefits, and maintenance (although most only be court order/CSA) however if you have had problems paying it, and that's recorded on your credit file, most lenders will run a mile.

I think initially you need to speak to a broker, and provide them with a copy of your credit file.

Thrugelmir

glkelly wrote: »

I am looking for advice on how best to secure the house in my name and keep my home.

Have you consulted a solicitor so that a clean financial break is effected?

kingstreet

First thing to do is approach your existing lender. They may allow you to take on the existing mortgage alone provided you can demonstrate ability to make the payments.

Some lenders take your wages, plus tax credits, child benefit and maintenance (if court enforced) into account in setting your income.

Should you receive approval from your lender, the cost of the accompanying transfer of equity including the removal of your ex-husband from the deeds to the property will be in the region of £300 to £500.