Remove a name

axel132132

Hi,

I bank with the yorkshire bank, ive gone to them to get 7k to pay out my ex and take her name of the mortgage. I was never told by them that there would be a fee for this and it all sounding dodgy. I asked her when she asked for the money what is it for and she said the 7k (they put this on mortgage as like an additional payment not a loan for some reason - so now i have 90k mortgage fixed 3.1% till march 2018 and 7k variable at 4.8% i said it if you had told me this then id have got a loan at 2.9%

Anyway she then messaged back, saying its for taking her name of the mortgage

So i wrote back what if she goes back on it all and dosent agree to take her name of the mortgage

To which she replied its for the name and the 7k.. it all seems contradicting

Im also paying my solicitor 600 quid to sort it out and take her name of the mortgage

So what on earth is going on?

Thanks alot
Dave

kingstreet

That isn't a fee, it sounds like the early repayment penalty to settle the mortgage product early.

If that's the case, you might as well remortgage to another lender and get a market leading rate.

The usual fees for a transfer for equity are about £600 inc solicitor work.

Bravo_Zulu

I recently completed a change of parties and took a name off the mortgage. There was no early resettlement fee as we were out of the fixed term, solicitors fee was £640.

Hope that helps

magicman62

i have tried to remove my ex from our joint mortgage ,we have agreed our own terms which have be agreed by the court however the halifax have so far denied us ..I have tried to get her removed but the only way they have come up with is to take out a new mortgage ..unfortunately they wont do this because my credit rating is not good enough ..

fewcloudy

magicman62 wrote: »

i have tried to remove my ex from our joint mortgage ,we have agreed our own terms which have be agreed by the court however the halifax have so far denied us ..I have tried to get her removed but the only way they have come up with is to take out a new mortgage ..unfortunately they wont do this because my credit rating is not good enough ..

Well, yes, why would they remove her name? If it's a joint mortgage then she's jointly responsible for paying back whatever the pair of you borrowed from Halifax. Improve credit rating or sell up or stay as you are.