being removed from mortgage, how will loans be affected.

milkymalone

currently splitting from partner who i share a mortgage with.

she will be keeping the flat and i will be coming off the mortgage.

i currently have a number of loans in just my name, that were taken out while i was a homeowner.

will the flat no longer being in my name protect it from the loans?

is removing my name from the mortgage as simple as that or will the bank look at any factors?

thanks

Thrugelmir

Are the loans secured on the property?

milkymalone

im not 100% sure. how do i find out? all the loans are with reputable banks and i know i would have listed that i was a homeowner on the applications.

ive been through the documentation i have and only on one of the loans (3 in total) can i see any mention of, in the case of missing payments, 'legal proceedings could be taken against you which could result in any outstanding debt being secured againt any property i own' .

just be clear i have never missed any payments on any of the loans.

Thrugelmir

milkymalone wrote: »

is removing my name from the mortgage as simple as that or will the bank look at any factors?

thanks

Your ex will need to obtain a mortgage in their own right. If they can't. Then the lender won't play ball.