Hi all,
My and partner split month ago, I want to buy him out ( no money changing hands) in order to do this he is going to pay off the top up loan and I was going to take over the mortgage. I got notification from the bank today that they would pretty much not even condsider the application. ( Loan 2 Value / Mortgage was based on 2 salaries first time round etc) Which I understand..
But is there anything else I can do about this? I am not on as good money as I was when i took out the mortgage, But i CAN repay it!!!!! But I refuse to repay a full mortgage with my Ex name on it when he is entitled to claim 50% of the house bank in the end!
What else can I do to get his name off the deeds!
I dont understand why a bank would force me into selling a house I will loose money on or defaulting on my the mortgage is Ex leave the counrty ( Likely as per my belief) .
What is the huge issue with allowing me to take it over repay it over a slightely longer term!
Has anyone any ideas on what I can do here to get his out of my life but keep my family home?
My and partner split month ago, I want to buy him out ( no money changing hands) in order to do this he is going to pay off the top up loan and I was going to take over the mortgage. I got notification from the bank today that they would pretty much not even condsider the application. ( Loan 2 Value / Mortgage was based on 2 salaries first time round etc) Which I understand..
But is there anything else I can do about this? I am not on as good money as I was when i took out the mortgage, But i CAN repay it!!!!! But I refuse to repay a full mortgage with my Ex name on it when he is entitled to claim 50% of the house bank in the end!
What else can I do to get his name off the deeds!
I dont understand why a bank would force me into selling a house I will loose money on or defaulting on my the mortgage is Ex leave the counrty ( Likely as per my belief) .
What is the huge issue with allowing me to take it over repay it over a slightely longer term!
Has anyone any ideas on what I can do here to get his out of my life but keep my family home?