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Relationship separation. Taking on my Mortgage
Captain1718
Posts: 1 Newbie
We have a joint mortgage with a balance of 30,000. If we were to separate, in order for the other to buy alternate accommodation could I borrow on the existing mortgage to buy out the other? I earn 23,000 and the current property is worth around 115,000. Thanks.
0
Comments
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Can you borrow £72,500?
(What you current owe at £30,000, plus half the rest £42,500)
Technically yes.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
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