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Separated from partner, can I get my deposit back?

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  • densol_2
    densol_2 Posts: 1,189 Forumite
    ethank wrote: »
    You cannot pay back the secured loan in four years if you come off the mortgage now, then the secured lender will want to maintain their interest in the property.

    They will need to agree for the changes to be made at the land registry.

    Can you settle your half of the loan now? Or are you expecting that she will take this on?

    I agree and am surprised no one has picked this up so far. The second charge is like the first charge. They have to agree to release you from the debt and it be secured against what will be just her house. I imagine they might if you pay off half now so she only secures her half. They need to be asked as well. You would then be free from both debts.
    Stuck on the carousel in Disneyland's Fantasyland :D

    I live under a bridge in England
    Been a member for ten years.
    Retired in 2015 ( ill health ) Actuary for legal services.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Don't forget to have both debts settled as well
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