Removing myself off a joint mortgage.

LukeM44

Hi everyone. 

I've just left an abusive relationship with my ex girlfriend

However we still jointly own our home together, I want my name off the mortgage so I can move forward with my life. 


Thanks for all the help. 

marcia_

LukeM44 said:

Hi everyone. 

I've just left an abusive relationship with my ex partner. 

However we still jointly own our home together, I want my name off the mortgage so I can move forward with my life. 

He earns 40,000 a year, I am disabled and not in a financial position to do anything really, he was the bread winner. 

Can you please advise my options? He still lives in the house I have left.

Thanks for all the help. 

 You can't just remove yourself from the mortgage. Your ex needs to remortgage in his name only. 

housebuyer143

Unfortunately you are going to find yourself tied to this person until they agree to remortgage without you and remove your name from the deeds.
If they are abusive etc are they going to comply and let you go out are they going to refuse?

It's likely when the fixed rate is up and the price skyrockets on SVR they will want to remortgage then and you can try and come off at that point.

elsien

What equity do you have in the house? Will you be wanting/needing any of it back? Part owning a house that you don’t live in could have implications for benefits claims.

fatbelly

Honestly the easiest way to resolve this is for the house to be sold and the balance split 50/50. That way you both get a new start with minimal legal costs.

However, I realise it might not be that easy

gwynlas

If you were both named on the mortgage does this mean you made a financial contribution and therefor should be due a share of the equity? If this is the case then you need your ex partner to cooperate and pay up either by increasing the loan or selling up. You need to take advice on this as it might have an effect on your benefits going forward.

user1977

housebuyer143 said:

Unfortunately you are going to find yourself tied to this person until they agree to remortgage without you 

No, a joint owner can force a sale of the property, so the OP potentially has other remedies.

Would be helpful to know whether the ex would be acceptable to the existing (or any) lender for sole liability of the mortgage.

LukeM44

My ex partner is happy to take on the mortgage. 

I'm going to call the mortgage company tomorrow for advice. 

I want nothing.

Hoenir

LukeM44 said:

My ex partner is happy to take on the mortgage. 

I'm going to call the mortgage company tomorrow for advice. 

I want nothing.

The mortgage company will not provide any advice to you. Your partner needs to apply for a mortgage in their own right and appoint a solicitor to handle the transfer of equity. Can they afford the mortgage on their income alone? 

KevinUTO1867

LukeM44 said:

My ex partner is happy to take on the mortgage. 

I'm going to call the mortgage company tomorrow for advice. 

I want nothing.

Wish you all the best, it sounds an awful situation to be in.

I think the advice above is sound - you ex partner needs to re-mortgage in their own name (if they're able to afford it) or come to an agreement to sell the property.