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Fees for coming off joint mortgage
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CDC2011
Posts: 66 Forumite
My husband and I are separating. He wants to stay in the house and take on the mortgage. I am happy with this and we're trying to keep it all amicable.
I've spoken with the bank for my own clarity and they have confirmed there is a smallish admin fee for the transfer of title.
Other than that the bank don't appear to want any more money or fees (although Im not naive enough to think nasty suprises may not be lurking around the corner).
The only other thing they've mentioned is involving a solicitor for the purposes of removing me from the deeds.
I've never dealt with a solicitor (my husband sorted out that side when we first bought the house) so I have no idea what the charges are likely to be for this task.
I could instruct my own to sort it out but I dont really have any money to do that with and if its going to be 'his' mortgage when its done and dusted, it sort of makes sense for him to coordinate the changes.
Can anyone give me any indication of what the charges might be for removing me from the deeds?
He hasn't asked me to contribute anything towards the cost of the changes yet, but it would be nice to have some idea.
I've spoken with the bank for my own clarity and they have confirmed there is a smallish admin fee for the transfer of title.
Other than that the bank don't appear to want any more money or fees (although Im not naive enough to think nasty suprises may not be lurking around the corner).
The only other thing they've mentioned is involving a solicitor for the purposes of removing me from the deeds.
I've never dealt with a solicitor (my husband sorted out that side when we first bought the house) so I have no idea what the charges are likely to be for this task.
I could instruct my own to sort it out but I dont really have any money to do that with and if its going to be 'his' mortgage when its done and dusted, it sort of makes sense for him to coordinate the changes.
Can anyone give me any indication of what the charges might be for removing me from the deeds?
He hasn't asked me to contribute anything towards the cost of the changes yet, but it would be nice to have some idea.
0
Comments
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In the region of £350-400 for a transfer of equity.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0
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