Why? If you can afford the original scheduled repayments on your own then I don't see why. If you cannot and need lower ongoing repayments then I can.So the mortgage company have made me aware to achieve the single name, a sum is required to paid off the principal of the mortgage.
Your total interest costs will decrease. You may also be able to reduce your mortgage protection life insurance at a possibly reduced premium.By doing this my repayments will decrease - is there any other benefit to doing this? ie. paying off a sum from the principal.
Why? If you can afford the original scheduled repayments on your own then I don't see why
Hi all,
sorry to interrupt on this thread but I have a query related to the original question. I own a house with my now ex boyfriend. We are split up over 2 years now and I am very stressed out with still being on a mortgage to a house I never will live in again. He is living there and wants to keep the house, yet is making no effort to get me off the mortgage. It's in neg equity now also. I have contacted a solicitor. My ex has ignored all legal letters from my solicitor, refuses to deal with the situation. I cannot remain tied to him. What can I do?! Feel this nightmare will never end.
Hi,
I would appreciate any advice on the following. In 2008 my partner and I purchased a house as a first time buyer, ie in joint names. I am now looking at getting this changed to my own name, removing her name from it. The property like most has decreased in value and selling the house would be a loss to us.
So the mortgage company have made me aware to achieve the single name, a sum is required to paid off the principal of the mortgage. By doing this my repayments will decrease - is there any other benefit to doing this? ie. paying off a sum from the principal.
Also as I believe this is something that does happen from time to time (joint to single mortgage), is there any advice or information that would help me with this? I am currently considering my options so would appreciate any help.
Thanks.
Hi all,
sorry to interrupt on this thread but I have a query related to the original question. I own a house with my now ex boyfriend. We are split up over 2 years now and I am very stressed out with still being on a mortgage to a house I never will live in again. He is living there and wants to keep the house, yet is making no effort to get me off the mortgage. It's in neg equity now also. I have contacted a solicitor. My ex has ignored all legal letters from my solicitor, refuses to deal with the situation. I cannot remain tied to him. What can I do?! Feel this nightmare will never end.
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