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transfer of equity please help

hi i am needing advice i will try to keep this as simple as poss,my wife left me last may leaving me with my 4 children,3 still at school,i always thought she would be back but no . i have paid the mortgage since and recieved no financial help from her for the kids .i dont know can i remove her from the mortgage and how much she can ask for .


outstanding mortgage 17,000
secured loan 20,000
house value approx 90,000

it wasonly after the completion of the secured loan she left it was paid in her account she says it was used to pay her debts off,would this come off her share, i just want to move on and be free now to bring up my familmany thanks

Comments

  • homer_j_3
    homer_j_3 Posts: 3,266 Forumite
    you need to get her to agree to it. i would seek legal advice.
    I am a Mortgage Adviser
    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.
  • thanks for your reply , if i send her a solicitors letter can she push for the sale of our home;im worried as this happend to a freind but no children in his case
  • mightymouse
    mightymouse Posts: 319 Forumite
    Part of the Furniture Combo Breaker
    Hi

    Yes as advised you need a solicitor who will deal with the divorce aspect which will include a property settlement.

    Your ex partners property claim comes last to the needs of your children and a roof over their head.
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