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Removing gf name from deeds
Comments
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Why have you posted this twice?
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discussion is continuing over on the mortgages board
Removing gf name from deeds — MoneySavingExpert Forum
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Pretty much two options
1. The brother re-mortgages in his own name and she comes off the mortgage
2. The property is sold and there is no mortgage any more
Taking no equity only helps in the re-mortgaging for affordability, nothing else really.1 -
Will the brother be able to remortgage on his own with bad credit?0
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How they do this, practically, is something for your girlfriend’s family to resolve, rather than you and your girlfriend. At the moment she, her mother and her brother are tied together by the property and mortgage. As an adult, she’s entitled to have her own life, so if her mother and brother can’t actually afford a property without her then presumably they need to sell and look for social housing. Was this discussed when the mortgage was taken out?
Fashion on the Ration
2024 - 43/66 coupons used, carry forward 23
2025 - 62/890 -
I agree, they may not want to take them to court. But the threat of court may twist their arm.V2001 said:She's doesn't want to take them to court being family. I can understand that.
She's also doesn't want any equity, she's happy to gift her share over. The only issue is the mortgage Co won't put it in brother's sole name.
Trying diff lenders may be a option, I may suggest that thanks
Ultimately it is the brother being the awkward one. The sister went on to help them out, they did their part and gave it a few years. The brother should be bending over backwards to try and find a way to get the sister off the mortgage if thats what they want. If there is no lender, then you sell up. Its not the sisters fault you have picked up bad credit, they were nice enough to help you out.
I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
The mortgage is for £115,000.
Mother has a job with a salary of £25,000 a year and £70,000 in savings.
Could she buy the property from her children with the savings/a mortgage in her own name?
The son could then live with mother as her lodger and pay her rent to help pay her mortgage.0
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