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!
Need to take my ex partner off my mortgage
BOFFA
Posts: 8 Forumite
My daughter has been separated from her partner for 18months. The mortgage is in joint names. He, understandably, wants off the mortgage but even though she has always paid the mortgage from her account and never missed a payment, she has been turned down by her current lender & by the Halifax to have a sole mortgage.
She is a single mum who works part-time and receives FTC to help her income. On paper her income & expenditure gives her an affordable lifestyle with a little left over each month for emergencies.
Is it really so impossible for her to get a mortgage?
Should she be looking at advise for a first mortgage or a remortgage?
She is a single mum who works part-time and receives FTC to help her income. On paper her income & expenditure gives her an affordable lifestyle with a little left over each month for emergencies.
Is it really so impossible for her to get a mortgage?
Should she be looking at advise for a first mortgage or a remortgage?
0
Comments
-
It's a remortgage if she wants to pay off the current mortgage on the same property and do a transfer of equity to remove the former partner.
The bad news - if Halifax says she can't afford it alone, chances are you won't find another lender to do it either.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 -
Agree with Kings. although from some experience if she has gone into a branch, or with an inexperienced broker then there may be solutions.
Headline figures, how much is she needing to achieve and what exactly is her income?
Be useful if you can breakdown the type of income, frequency and amount..
I have personally got numerous Halifax cases through that have been told unaffordable in branch. Many of the benefits are 4 weekly for a start and they usually just times by 12 and every little helps in these cases...
They just have to be keyed accurately.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
It would help if we knew the reasons for the declines - affordability or credit issues.
I did mis-read the OP too. I thought Halifax was existing lender.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards