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Buying ex husband out
emmajayne1980
Posts: 23 Forumite
Hiya, I split from my husband in January and now have enough money to buy him out and take his name off the mortgage. However I have a default on a Barclays account 4 years ago which has been settled but remains on my credit report will this effect my ability to take him off the mortgage. I have no other debts and my mortgage is the only commitment I have (no other loans etc).
Any advice would be great thanks.
Any advice would be great thanks.
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Comments
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It will be an issue until it is 6 years old and will fall off.
That said, there are solutions but will depend upon your loan to value, income and what else is on your credit reports..I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Apart from default my credit rating is fine. My income is £33,000 and the LTV is between 60-65%. Any solutions or advise you can give me would be gratefully received. The bank which has the mortgage is the same one since I bought first house 6 years ago and I have moved and got extra borrowing since the dafault occured. The default doesn't belong to the same bank as mortgage.0
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Who is your current lender? and are you tied into them?I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Natwest and not tied in however would prefer to stay with them as the rate is fantastic.0
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