mortgage express

chungoi

Dear ALL
Me and my partner have a mortgage with the above people.But sadly our relationship as finished so my partner wants to keep the house on and wants my name off the mortgage and i do too.As my farther passed away 2yrs ago leaving me and my sister his house which is mortgage free.I phoned mortgage xpress told them i wanted to be taken off the morgage they said put it in writing your ex to send 3wage slips which we did.Letter back she doesn't meet our criteria.We asked why and they said because she has 2 loans ongoing{approx 10,000}.Had a chat with morgage adviser at lloyds she told me because i am buying my father's house off my sister i can get a bit extra to pay the loans off for my ex.Phoned morgage x press asked them if i payed the loans off could i be taken off the morgage they said yes on the undertaking that these loans are paid off at the same time i get my morgage on the other house.All done same day by both solicitors [apparently you can].So got my morgage in place with lloyds C&C.Then my partner changes jobs phoned morgage xpress is it ok to go ahead yes as long as new employer sends us references and how much she is on a month and year did this got a letter yesterday saying she as got to be in employment more than 3months and it is declined.But why didnt they tell us this when she changed jobs this as been going on now over 6mths and my morgage application is up on the other house 30th june just so incompetent any ideas

kingstreet

Could your partner consider remortgaging to a new lender to pay off Mortgage Express?

A transfer of equity, such as you describe, depends on the lender accepting the party staying on the mortgage alone can afford to meet the payments. Changing jobs part way through wasn't a smart move, to be honest.

If a remortgage isn't possible, the minimum period will have to be passed before the transfer of equity can be completed. Once the lender approves your removal, the matter is passed to a solicitor for your removal from the ownership of the property. A TofE normally takes a couple of months and will typically cost between £400 and £600 in total.