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Split from wife and mortgage being renewed

m0bov
m0bov Posts: 2,778 Forumite
Part of the Furniture 1,000 Posts Name Dropper
in Marriage, relationships & families
Hi. I have decided to split from my wife of 6 years. We brought a house 2 years ago. She is on the mortgage. The two year deal runs out in march and the new deal with another lender kicks in.

Should I put that on hold? Will it make it more difficult to remove her from the mortgage if it's renewed?

Thanks.

Comments

  • dawyldthing
    dawyldthing Posts: 3,438 Forumite
    It isn’t a case of just removing her from the mortgage. I guess she’s been paying half so you’ll have to buy her out and also earn enough to take over the whole mortgage (esp if it took both your incomes to get it and you wouldn’t get it on one income). Or sell up and split the profits
    :T:T :beer: :beer::beer::beer: to the lil one :) :beer::beer::beer:
  • Pollycat
    Pollycat Posts: 36,192 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Savvy Shopper!
    A very good friend of mine's husband left her for another woman.
    She was paying the mortgage in full.
    The mortgage company would not take his name off the mortgage - they have 2 people to go after if the payments aren't paid.
    She couldn't renegotiate a better deal because he wouldn't agree.
    She couldn't afford to buy him out.
  • HampshireH
    HampshireH Posts: 5,022 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    If you choose not to remortgage and it has taken her income into consideration you may not get the same offer if you don't do it together
  • dawyldthing
    dawyldthing Posts: 3,438 Forumite
    Pollycat wrote: »
    A very good friend of mine's husband left her for another woman.
    She was paying the mortgage in full.
    The mortgage company would not take his name off the mortgage - they have 2 people to go after if the payments aren't paid.
    She couldn't renegotiate a better deal because he wouldn't agree.
    She couldn't afford to buy him out.

    Plus when it comes to selling unless papaerwork is in place he will still get half
    :T:T :beer: :beer::beer::beer: to the lil one :) :beer::beer::beer:
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