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Three on a mortgage - weird I know
Comments
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But most of the time you would close down your mortgage to move to the new house unless you're porting the mortgage.
The "mortgage" is the actual legal charged placed to secure the debt. This has to be discharged during the house moving process.
The actual monies advanced are no more than a loan, though the term mortgage is now used in conjunction with those used for a house purchase.0 -
Spoke to my mortgage company. They won't take any of my income into account only my new partners and the amount they can do falls £30000 short of my current mortgage. Makes me laugh. For the past 4 years I have been paying the mortgage without the support of my ex husband who in now seriously in debt. So I can stay in my current home paying my mortgage with the income they dont take into account. With my ex still on the mortgage but who would not now be able to get a mortgage to save his life. I understand where they are coming from, but I don't if you know what I mean!!!!£1 a day/£365 2011
Lose 38lbs 11.1.11 33lbs
Proud mummy to 4:A
sealed pot 2011 (waiting on a number)
no more toiletries saved 80 -
Did you obtain a financial court order when seperating from your ex?0
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no I didn't.£1 a day/£365 2011
Lose 38lbs 11.1.11 33lbs
Proud mummy to 4:A
sealed pot 2011 (waiting on a number)
no more toiletries saved 80 -
tipsymcstagger wrote: »no I didn't.
Then part of the property is still your ex's legally.
Your ex's creditors could apply for a charging order on the property to secure his debts.0 -
so, what do I do? Transfer of equity? thanks in advance£1 a day/£365 2011
Lose 38lbs 11.1.11 33lbs
Proud mummy to 4:A
sealed pot 2011 (waiting on a number)
no more toiletries saved 80 -
tipsymcstagger wrote: »so, what do I do? Transfer of equity? thanks in advance
Are you divorced from your ex?0 -
no seperated, he refuses to sign divorce papers
although will sign papers to transfer equity£1 a day/£365 2011
Lose 38lbs 11.1.11 33lbs
Proud mummy to 4:A
sealed pot 2011 (waiting on a number)
no more toiletries saved 80 -
I would be very carefull,
Even if he signs over the equity if he goes bankrupt I think they can still come after his share of the equity.
You need to go back and get the more legal advice and the divorce sorted.0
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