Divorce settlement

canaldumidi

If there are no arrears, how come you "got notice from lender that they will take legal action and house be repossessed". They would not do that without good reason, especially given the court decision.

However they are unlikely to grant you a mortgage in your sole name, without which the transfer from ex to you cannot go ahead (due to the existing Mortgage Charge on the property).

To get a mortage you'll have to

* get together some capital as a bigger deposit so as to reduce the size of loan you need

* increase you earnings to make the mortgage affordable, or

* apply forajoint mortgage with someone else with a salary to add to yours

But I suggest you speak to an independant mortgage broker

SpiderLegs

molly65 said:

When he left the children were still in education now hold jobs
there are no arrears as I settled that when we got red notice as he went bk to Africa.. 
how much would I need to raise to get a mortgage on my salary,
my children won’t be asking for any money back from me as they all live with me and have survived a domestic break Down of my marriage, sadly they were the ones who told me about him been unfaithful after 25yrs of marriage, I wish to avoid bringing my children into the Morgage as I don’t wish for them to lose on 1st time buyer option in the future .. at present am paying £333.59 mortgage 

The mortgage remains
O/S £115k 
how much will Lender give against my salary.. 
I was told once the bank transfer is made via solicitor into his account he then sign’s documents from the bank releasing himself from the mortgage and it get transferred into my name and I need to show that I can continue paying the mortgage.. 

115k with a payment of £333 sounds like it could be interest only to me.

Markneath

When I divorced during the court stage my ex wife provided proof (aip) she was able to buy me out of the house for my percentage of the house plus the outstanding mortgage this was with a different lender to our previous joint mortgage. 

The judge set a deadline, I think this was 12 weeks for her to do this and me to receive my money. 

Everything was set out in the financial settlement, who was having what and the deadline for payment etc.