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Need to take my ex off the mortgage and add new partner...
1 Answers
Hi all,
I bought a house last year with my then partner on a 100% Graduate mortgage as he was a student. We have since split up and he moved out. I have carried on paying the mortgage on my own.
I'd now like my current partner to be added to the mortgage but he is not a student.
I heard somewhere that if the mortgage lender and Land Registry agree to it we can just transfer the title of the deeds, for a fee f course.
Does anyone know the best way to go about this?
Thanks in advance
I bought a house last year with my then partner on a 100% Graduate mortgage as he was a student. We have since split up and he moved out. I have carried on paying the mortgage on my own.
I'd now like my current partner to be added to the mortgage but he is not a student.
I heard somewhere that if the mortgage lender and Land Registry agree to it we can just transfer the title of the deeds, for a fee f course.
Does anyone know the best way to go about this?
Thanks in advance
Answers
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Your ex will have to agree, as I'm sure you realise.
In the current market you will probably have to get a new mortgage, and the mortgage company will need to be satisfied that your new boyfriend is a good credit risk.
If the property is now in negative equity (likely) then this may be very difficult to do.
Speak to your bank and your ex.
But do think carefully - you seem to be getting involved with boyfriends in a way that could cost you dearly should you split. Buying a house with a partner is a very serious commitment and creates all sorts of legal complications.
In the current market you will probably have to get a new mortgage, and the mortgage company will need to be satisfied that your new boyfriend is a good credit risk.
If the property is now in negative equity (likely) then this may be very difficult to do.
Speak to your bank and your ex.
But do think carefully - you seem to be getting involved with boyfriends in a way that could cost you dearly should you split. Buying a house with a partner is a very serious commitment and creates all sorts of legal complications.
Only 1 answer
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