Halifax Mortgage, Change Of Property.

janet_james1964

Hi anyone that can help me, I paid 50% in to a mortgage between April 2006 to January 2014 and left the property, I wasn't married to my ex partner and have not lived there since  January 2012, he has since contacted me to ask can I authorise that my name be taken off the deeds so he can re mortgage to accommodate single occupancy so what would I be entitled to, we purchased the property for £129,995 and current estimated value is £176,198

Thrugelmir

Name your price. Subject to negotiation. There's no entitlement. 

Lorenzo94

So I have formally accepted the new property and withdrew my interest in the old one. I have notified my solicitor and my mortgage adviser. The latter said he wants to schedule a phone call for next week, but me, being pessimistic, I have booked a phone appointment with Halifax. They said that they cannot include furloughed income anymore as of Monday this week, so it would be better if we just amend the current offer to reflect the new property and the new amount to be borrowed as the current offer still stands, and won't go to underwriters again. I am really regretting using intermediaries rather than going directly with Halifax! I think my advisor wants us to apply for a new mortgage, but I really don't want to go through that stress again! Furthermore, the friend I am applying with, will go back to work in October so worst case we need to wait until the end of October to get a payslip which shows his full time earnings again! And I have 6 weeks to complete and exchnage.

Lorenzo94

kingstreet said:

I've done one in the last hour. Change property. Pick new product. Do new quote. Pay another valuation fee. Press submit. Done.

Hi, sorry to bother you. My mortgage adviser has just amended my offer (Halifax). Can you confirm that Halifax needs only to carry out an evaluation of the new flat? Or will they be asking other stuff? I am getting very anxious.

Lorenzo94

Hi all, just to give a quick update of my situation. My broker has sent the request to amend the address on the offer. Halifax has carried out an hard search and a soft search at the moment when my broker sent the request. They have taken again the £200 fee for the evaluation, which is booked for next week on Thursday (fingers crossed).
The only thing I am sad about is that the new rate will be 3.2% rather than 1.99%. Also, after talking to Halifax directly, they have confirmed that they will just amend the address and the amount of money lent (it’s lower than the previous property) once the evaluation comes back (if of course it matches LTV etc).
I am soooo nervous! Fingers crossed it all goes well!