Re-mortgage with secured loan

pop67

I currently have a joint mortgage in the house I live in but my ex husband wants to come off the mortgage. I want to stay in the house and take over the mortgage but we also have a joint secured loan which would work out too much if put on the mortgage. My ex is prepared to still pay his half of loan but will anyone give me a mortgage in this situation. I will not be any better off selling and renting as the monthly mortgage payment is lower than rental prices. I am also 45 years old and need to have mortgage for 20 years and although this will take me to just lower than my retirement age I realise I would probably be high risk. Hope this makes sense!

Simon_gloster

If your main lender assesses affordability plus the secured loan running and you passthis with credit score your halfway there.

Next step is getting the second chrage company agree to this situation thru a deed of postponement. If they don't agree it's game over. Who is the 2nd charge with?

kingstreet

To remove him from the mortgage he'd also have to be removed from the property ownership and the secured loan too.

As Simon said, first task is to establish if the secured loan lender will play ball and provide the deed of postponement and remove him.

Frankly, I have my doubts.