Halifax Mortgage into Sole Name

orfoster

Hi all,

My ex and I have a joint mortgage on a property which I want to take over myself.

Back in 2008 we bought the property at 21 and got a key public sector worker homebuy scheme.

We paid £124,995 for the house and Zoopla put it at £135,000 now.

The shared equity deal is for 31% and we have a repayment mortgage which is at £78,000 now.

I want to take the mortgage on myself, I now have had a promotion and earn £35,000 (started in December 2012) however I was in financial hardship and am in 3 months (agreed) arrears with Halifax.

Do you think there will be a substantial issue in trying to get her name off the mortgage given the mortgage arrears on the account? I know that might sound silly but I have a good job now and thought that they would take this into consideration.

Any thoughts?

Cheers
O

Senior_Paper_Monitor

Not a chance !

Simon_gloster

A) you'd fail the credit score and

you would need to clear the arrears and pay at least 6 monthly installments but thenpprobably fail the credit score.

antrobus

orfoster wrote: »

...My ex and I have a joint mortgage on a property which I want to take over myself....

What does your ex have to say on the matter?

There appears to be £57k worth of equity in the property. Have you already reached an agreement with your ex regarding their share?