help - joint to sole mortgage (not splitting up)

tinkskfa

If anyone can help it would be really appreciated, i will try and keep it simple........

my husband and i currently have a joint mortage
house is worth 270,000, mortgage left is £163,000
i got myself in debt and and now on a dmp, our current mortgage deal has run out but obviously now i will not get another mortgage as credit terrible etc.
question is can my husband take out the mortgage with another company in his sole name only, we were told by another mortgage comany this was not possible while i lived in property????
husband salary £42,500 pa so he can afford mortgage based on this as he is the one that pays for it anyway as i do not work.
(huband had 1 tiny default for £112 on credit file from 2008 from a mobile phone scam, account is settled and he has gotten a mortage whilst having this default on account but now i have bad credit and we are financially associated, will this affect him??)

Thanks in advance for any advice
XXXX

Wh05apk

Probably not, as you have lived in the property and contributed to it - either financially or otherwise, you will have residency rights, so if a lender had to reposses the property from your husband they would have issues with evicting you.

If you are looking for a better deal, you will probably be restricted to a retention deal with your existing lender.