We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Remortgaging after /Separation/Divorce
uclown2002
Posts: 54 Forumite
My wife are I are separated and now have an agreement in principle to divide our assets. We are about to draw up a consent order and start divorce proceedings.
We have 3 properties all in joint names. Property 1 is being sold right now, and she will keep most of equity while I retain my pension.
I live in Property 2 where I intend to retain and continue to live there.
She lives in the old marital home, property 3 where she hopes to stay.
Now once I receive my modest cash sum from sale of property 1 in next 6 weeks, I want to remortgage property 2 in my sole name and remove her from title deeds? How does that typically work? I assume consent order will take a little longer than that to process, if that matters as we have an agreement.
Can I just remortgage property (different mortgage company) and have property signed over to me during that process? I assume that costs a bit of money! Or would this get sorted within consent order?
We have 3 properties all in joint names. Property 1 is being sold right now, and she will keep most of equity while I retain my pension.
I live in Property 2 where I intend to retain and continue to live there.
She lives in the old marital home, property 3 where she hopes to stay.
Now once I receive my modest cash sum from sale of property 1 in next 6 weeks, I want to remortgage property 2 in my sole name and remove her from title deeds? How does that typically work? I assume consent order will take a little longer than that to process, if that matters as we have an agreement.
Can I just remortgage property (different mortgage company) and have property signed over to me during that process? I assume that costs a bit of money! Or would this get sorted within consent order?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards