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Mortgage with a party named on another mortgage
Claireamelia25
Posts: 3 Newbie
Hello
Me and my long term partner are wanting to get a mortgage. We have the deposit, the problem we face is my partner is named on another mortgage. He doesn't financially contribute towards the mortgage, his ex wife does everything but he had to remain on it because she can't take over the mortgage on her own. Because hes name on that mortgage no company will consider us. Has anyone got any tips or advise to help. I'm gutted because my future is being controlled by my partners ex wife. Thanks in advance
Me and my long term partner are wanting to get a mortgage. We have the deposit, the problem we face is my partner is named on another mortgage. He doesn't financially contribute towards the mortgage, his ex wife does everything but he had to remain on it because she can't take over the mortgage on her own. Because hes name on that mortgage no company will consider us. Has anyone got any tips or advise to help. I'm gutted because my future is being controlled by my partners ex wife. Thanks in advance
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Comments
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Claireamelia25 wrote: »the problem we face is my partner is named on another mortgage.
Why has you partner ended up in this situation?0 -
Who has told you this?Claireamelia25 wrote: »Because hes name on that mortgage no company will consider us
I would expect the amount you can borrow to be affected, but not ability to get a mortgage full stop.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Unfortunately my partner has signed a consent order which says his ex wife will "best endeavors" remove him from the mortgage. She doesn't work and doesn't have anyone to go on the mortgage meaning the chances of him being removed are slim. We have been to see a mortgage advisor that said no one would lend to us because he's still on another mortgage and although he doesn't pay anything towards it the lender would still have to see him afford to mortgages.0
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Claireamelia25 wrote: »Unfortunately my partner has signed a consent order which says his ex wife will "best endeavors" remove him from the mortgage.
Are their children involved?0 -
Did this "advisor" mention anything about lenders who would treat the other mortgage payments like a loan, which as I stated would have an effect on affordability but would not prevent a mortgage being obtained?Claireamelia25 wrote: »We have been to see a mortgage advisor that said no one would lend to us because he's still on another mortgage and although he doesn't pay anything towards it the lender would still have to see him afford to mortgages.
Get more advice!I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
If he isn't paying the mortgage and she doesn't work who is paying the mortgage?"You've been reading SOS when it's just your clock reading 5:05 "0
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There are 2 kids involved. The mortgage is on interest only and the goverment pay the interest as she doesn't work.0
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