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Do all parties need to consent to sign-up to a new fixed rate or can one refuse and halt any changes
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AKeogh
Posts: 1 Newbie
My partner is still tied to an existing property and mortgage with his X wife. The property is up for sale currently.
The mortgage has reached the end of the fixed rate deal and the X is looking to set-up a new fixed rate. This could have exit fees which would be payable when the property sells.
My partner does not want to sign-up to the fixed rate as he is ultimately trying to exit financial ties. A financial order has been agreed through solicitors and is dependent on the sale of the property.
Barclays are saying she can agree the new rate without his consent, surely this is not right. Please could this wonderful group advise and in particular point me to FCA rules on this.
I am very concerned we are being forced into a commitment that we don't want and need to be armed with the right information to challenge Barclays and the X Wife
The mortgage has reached the end of the fixed rate deal and the X is looking to set-up a new fixed rate. This could have exit fees which would be payable when the property sells.
My partner does not want to sign-up to the fixed rate as he is ultimately trying to exit financial ties. A financial order has been agreed through solicitors and is dependent on the sale of the property.
Barclays are saying she can agree the new rate without his consent, surely this is not right. Please could this wonderful group advise and in particular point me to FCA rules on this.
I am very concerned we are being forced into a commitment that we don't want and need to be armed with the right information to challenge Barclays and the X Wife
0
Comments
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I don't think they can do that - they could go on-line and lie and say they had permission of the other person on the mortgage - I'd phone barclays and tell then you don't agree to it.0
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