Mortgage long shot

motor_bike

My partners son bought a house with his girlfriend about a year ago. They have now split and my partners son wants to keep the house if he can.  They have a joins mortgage of 137k deposit was made up from his partner of 14k and around 1k from help to buy. There is a note in the solicitors letter thats states if the house is sold then the partner gets the 15k. The mortgage is with skipton and is fixed for 5years with an early repayment of around 7k if was payed off in the first year or two. 
My questions are. What are his chances of getting a mortgage on his own or taking his partners name off and him taking over.  Is there any lenders that do 4 time salery?.   I am raising 15k if its a case of paying back the deposit.  I dont think there will be much up lift in the value of the house as they have only been in around a year and also the covid ect 
Can any one recomend a Financial advisor.  

Thanks Simon 

MovingForwards

You've not said what his income is and whether he has any loans / credit cards / HP / PCP or adverse credit history.

There are brokers who post on MSE, many of us have used them as we get to see how they interact with people, deal with queries etc.

motor_bike

Hi, Thanks for having a look.
I will find out his income and I dont think he has any debt,  No loans, no credit cards. No bad credit.  He has never been out of work since leaving education. He is 27 years old. 

I will find out his income. 

Thanks Simon 

Majoggy

The main things here are how much equity remains in the property and how much your partner's son earns.

On the face of it however it looks unlikely considering the little time they've owned it.

ACG

Skipton can be quite handy in this situation.

If he can evidence he has paid the mortgage and bills on his own for 6 months, they may allow the ex to come off the mortgage deeds. Call up Skipton and see what they say, your partners son and his ex may get lucky.