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I need to buy my partner out of our house.
Comments
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We both paid the deposit. I would say the price hasn't changed much. We fitted a new bathroom, however, there is no kitchen as it has been ripped out and no other room is decorated.
Beware that many lenders won't offer a mortage on a property with no kitchen so I think this could cause problems if you re-apply for the mortgage in your own name.0 -
The kitchen needs a sink and a work surface to qualify. If it doesn't, the property will be considered unmortgageable, or a 100% retention will be held.
As this is a TofE, changing the mortgage from sole to joint should not cause a new valuation inspection. That would be the case with a remortgage though, so the above could come into play then.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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