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butterfly1306
Posts: 1 Newbie
Me and my partner have recently split. We signed up for a 2 year fixed rate mortgage in both our names. If I was to take over the mortgage on my own. Would this affect either of our credit ratings in any way?
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Comments
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If the mortgage continues to be paid, that is the main thing to protect your credit records.
Your lender would need to agree to lend to you alone, and you'd need to come to an agreement with your ex about buying him out of any equity.
Simply taking over the mortgage shouldn't hurt credit records unless you find it hard to get a mortgage and so have lots of credit searches.0 -
Your mortgage will last far longer than 2 years. That's just the product term.0
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