Finally...

peachyprice

meer53 wrote: »

Put a notice of disassociation on your credit file as soon as you can. Especially if you have any joint accounts together.

She can't if they have joint accounts/any financial products, because they are associated. She can only do that once all financial ties are severed and they have been living apart for 6 months.

meer53

peachyprice wrote: »

She can't if they have joint accounts/any financial products, because they are associated. She can only do that once all financial ties are severed and they have been living apart for 6 months.

You can put a notice of disassociation on at any time. Mine went on as soon as my ex left, we still had a joint mortgage at the time.

It doesn't disassociate from existing joint accounts but it's better to have it on there than not.

iamashoppingaddict

I work for a HA so can help you a little with queries on shared ownership properties.

Firstly each lease, because you should have a lease with the HA for the 50% they own, is different and each will have a different way of how you have to sell the property.

Ours says that you have to obtain a valuation on the property by an RICS surveyor, NOT an estate agent. These valuations can cost up to £250-300. The valuation from the surveyor must be the price upon which the property is marketed and sold.

You must inform the HA that you want to sell because they may want to contact people on their waiting list to tell them its up for sale.

You can't advertise with an estate agent until the property has been advertised on the Homebuy website for a certain amount of time. When that certain about of time has passed then an estate agent can be asked to market the property. Trouble is not a lot of them know details and ins and outs of S/O.

The lease for the 50% owned by the HA will be between yourself and them and they won't take too kindly to you leaving the house and letting your OH live there. In their eyes he may not be eligible for a SO property and he'd have to apply formally like you did.

When the sale goes through you'll probably have to pay your HA's legal fees as they will need to do some work create a new lease.

Like I said leases are different from HA to HA, from scheme to scheme, so its really important that you dig yours out and read it from cover to cover.

I hope this helps a little.