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Mortgage split
Robo51
Posts: 1 Newbie
My ex partner wants to remove his name from our joint mortgage now we have split. I can pay him out but will the lender allow me to take over the whole mortgage ? I can afford the payments just and my parents will be guarantors but I am not sure that I will be allowed to take the mortgage . Does any one know what may happen ? Could the building society withdraw my mortgage even without a default ?
0
Comments
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Withdraw it, no.
Refuse to let you take it over and your partner come off it , possibly.
They will re-underwrite the case based on today's criteria. You need to speak to them.
If they will not do it there may be other lenders that will.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
If you cannot afford the mortgage then selling the property will be your only option to appease your ex partner.0
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