Help I don't wanna lose my house

poshck

Hate to say it but I may lose my house unless I can take on the mortgage & buy out my partner, as it stands now its a 2 yr fixed rate with Nationwide @ 4.94%. Due to end Feb 2009. Do you think they will lend me the money to buy him out & extend the term , I need to come up with approx £28K, on paper I can afford it but will that be enough???? Any ideas anyone???

Leon_W

I'm not being funny but why don't you ask Nationwide ?

You do not give half enough information in your post for anybody to make a reasoned comment, but it will effectively come down to how much you earn and how much you owe.

All the best.

pdrskint

why buy your partner out if they want out let them leave with nothing,
or both of you end up in more debt if they take the house,
surely your partner understands their responsibility as well,
i know this doesnt help, and i am no expert,
but a friend of mine walked away and their partner agreed to carry on the mortgage, but not known to him nothing was paid and it was repossesed. five years a debt company have tracked him down demanding full payment plus interest,

so do do be careful,inform your building society, they should help,
if not remortgage with a self cert , only if you can afford the payments,

all the best,

MortgageMamma

if you put down on here what you earn, how much you have going out every month on credit cards/loans/hp and how large your mortgage is i might be able to give you an idea if its doable or not