Any idea of a rough cost for removing a name from a mortgage?

FBaby

Why does she need to move area? Her best bet would be to move back into the property, and him moving out, with both names still on the mortgage, but if she intends on being on IS, she could apply for help with the cost of the mortgage.

Alternatively, she will need to go to court to request an order of sale. The downfall on this is that if the house is in negative equity, she will be find herself in debts with him.

She can't force her ex to buy her out, even if he could financially do it.

What a pity that she decided to fall pregnant before sorting all this out.

ecgirl07

FBaby wrote: »

Why does she need to move area? Her best bet would be to move back into the property, and him moving out, with both names still on the mortgage, but if she intends on being on IS, she could apply for help with the cost of the mortgage.

Alternatively, she will need to go to court to request an order of sale. The downfall on this is that if the house is in negative equity, she will be find herself in debts with him.

She can't force her ex to buy her out, even if he could financially do it.

What a pity that she decided to fall pregnant before sorting all this out.

See that, thats the passing judgmental irrelevant passing comment that is ruining this board. Snidey, sneering, looking down your nose at the op's friend and her life choices. In what way does that comment answer the question of removing oneself from a mortgage?

pigpen

notanewuser wrote: »

But that depends entirely on the figures involved and the lending criteria of the bank.

And you haven't actually removed him from the mortgage, it's still a potential liability for him!!

If you read my first post you will see that I actually said it is not possible to remove the name from the mortgage without remortgaging but the name can be removed from the deeds

My xh was earning £28k a year and has 2 £90 mortgages, so figures don't have to be that high you do need proof you have not paid towards the first mortgage and/or loan for a set period of time

Skintski

peachyprice wrote: »

She can't just take her name off the mortgage, her ex has to re-mortgage, there is no other way, no matter how much she was willing to pay.

As above. Mortgage companies are not in the habit of just removing someone's responsibility towards a debt. The house would need to be remortgaged in a single name. I went through this with my ex.

FBaby

ecgirl07 wrote: »

See that, thats the passing judgmental irrelevant passing comment that is ruining this board. Snidey, sneering, looking down your nose at the op's friend and her life choices. In what way does that comment answer the question of removing oneself from a mortgage?

And like many here, you are just making assumptions. I am not making a judgement on her getting pregnant. It IS a pity, because it would have been a lot easier to sort it all out before she faced the issue of not being able to gain benefits she would otherwise be entitled to because of it.

It is replies like yours that ruin this board

FBaby

pigpen wrote: »

If you read my first post you will see that I actually said it is not possible to remove the name from the mortgage without remortgaging but the name can be removed from the deeds

I'm not sure this is the case any longer (that you can remove someone from the deeds whilst them still being on the mortgage). I looked into this when I wanted my partner off the deeds of our house, but it was made very clear to me that you couldn't have different names on the deeds than on the mortgage. The same was told to a friend of mine who became a single mum, and this was also mentioned in a number of previous posts here.

pigpen

FBaby wrote: »

I'm not sure this is the case any longer (that you can remove someone from the deeds whilst them still being on the mortgage). I looked into this when I wanted my partner off the deeds of our house, but it was made very clear to me that you couldn't have different names on the deeds than on the mortgage. The same was told to a friend of mine who became a single mum, and this was also mentioned in a number of previous posts here.

Given I just did it.. yes it is... it is being finalised this week or next, whenever the solicitor gets their finger out. It has taken a while though.

Goldiegirl

The majority of lenders require the deeds and the mortgage to be in the same name - they won't give their consent to the deeds being changed unless the mortgage is changed too.

I understand that some lenders do allow someone to be removed from the deeds and not the mortgage, so maybe pigpens lender falls into this category.

Unless it was done without the lenders permission - that would mean pigpen is in breach of the mortgage conditions .....never a good place to be

pigpen

Goldiegirl wrote: »

Unless it was done without the lenders permission - that would mean pigpen is in breach of the mortgage conditions .....never a good place to be

The courts require documents from the lender to be signed etc before the judge will sign the order to change the deeds. It also requires the consent of both mortgage holders.

Caz3121

HurdyGurdy wrote: »

The girl now needs to leave the area they live in and move away. Having her name on that mortgage means that she now, as a single parent, is ineligible for income support (has got a young baby) or housing benefit, which she will need if she is to rent a property, either via social housing, or private.

Having her name on this mortgage is the barrier to her moving on with her life. The house is still in negative equity.

If the house is still in negative equity then she should still be able to receive benefits...who has told her she cannot? do they realise that there is no equity?

note if her ex defaults on the mortgage then they can chase her too and she would risk her credit rating being messed up