Single Person Mortgage

Pamela14

Thanks for the info.
Ive had one more thought do you think I would be able to take over the mortgage myself and have his name removed? There is around 58k left and with c&g

Thrugelmir

Pamela14 wrote: »

Thanks for the info.
Ive had one more thought do you think I would be able to take over the mortgage myself and have his name removed? There is around 58k left and with c&g

More likely that you would be able to remain in the property until all your children leave full time education.

Floxxie

This is why you need to take legal advice. There is an option for your husband's name to be removed as legal owner on the current matrimonial home but for him to remain on the mortgage (assuming that you cannot get a mortgage in your sole name).

If you pop over to Wikivorce and provide some more information, you should be able to get an idea of the possibilities.

TBagpuss

could you afford the current mortgage, if he were to move out? A court could make an order for you to remain in the house with the children until they leave school, and for the house to be sold at that time.

Also - what other assets are there? Do either of you have any savings or a pension? What does you husband earn?

If the children are remaining with you it is likely that it mat be fair for you to have more than half the equity, particularly if your husband is, or could, earn more than you.

Check what you would be entitled to claim if you worked longer hours - you may be able to get help with child care costs via Tax Credits, for instance.

Go and see a solicitor. Look at the Resolution website to find an expert near you. if you cna't afford it yourself, the best help your parents could give you right now would be to give or lend you a couple of hundred pounds to cover the costs of getting some decent advice.

amylyn

Hi
Sorry to hear about your situation. I am in a similar position, I left my husband 6 months ago, me and our 3 children are living in rented and I am waiting for a mortgage approval from natwest. I luckily have a large deposit 40% of loan and earn slightly more. But natwest will take tax credit and child benefit into account so make sure you have told the tax credits about your change of circumstances and you are getting the correct amount. Also make sure you get your maitence payments through the csa as then they can be counted towards a mortgage, they won't if it's just agreed between you and your ex.
However I think your best thing is to seek advice, you have a right to stay in your family home with your children and a good family solicitor will be able to tell you how to do it. Good luck

amnblog

Thrugelmir wrote: »

Make an appointment with a (family law) solicitor. Until then do nothing.

Good idea but not very practical if the OP does not 'feel safe' in the matrimonial home.

Elfbert

amnblog wrote: »

Good idea but not very practical if the OP does not 'feel safe' in the matrimonial home.

OP currently lives with her parents, so it would seem to be the most practical suggestion, to ensure a fairer negotiation of assets.

As it seems apparent that a mortgage for a large enough property would be out of reach, then surely consulting someone regarding family law is the best way to protect her and her kids, and get them the best deal?

Thrugelmir

amnblog wrote: »

Good idea but not very practical if the OP does not 'feel safe' in the matrimonial home.

My reference was to discussing matters with the ex or taking any course of action with regards to the future, not moving back into the property.