Possible to buy somone out of a joint mortgage affordable housing

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gillian77

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I got a joint mortgage with my now ex partner in 2010 on affordable housing scheme (we still live together)
Market value 2010 210,000
Affordable Price 175,000
Discount 16.66%
Mortgage left to pay 140,000 (or there abouts)
Current Resale 240,000 Going by prices in area
Salary 34000
Savings 7000
I would ideally love to buy them out but know I chances are slim of getting approved by myself. I have proof by savings that I can afford to pay the mortgage by myself 500 each month plus my half of the mortgage been paid and bills .What I'm asking if any advice on if this would be possible and where to start bank, solictor..??
 
You would need to remortgage your home,and pay approx 36k claw back to the local authority ,about 15 to your ex,and then legal fees.
So you'd be looking at a 190 k mortgage,which is 6 times your salary.
That's not very likely going to be a runner.
 
Your marital status and if you have children together also have a bearing here.
 
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