Any other options available ?
Basically, I doubt that she would ever default on the mortgage, because she worked so hard to get the place. But, the fear is she does at a future stage.
So,this is the case. I helped a friend get a mortgage. My name is only on the mortgage, but not on the deeds. I now want to get my name off the mortgage, but on her current earnings, I doubt the bank will leave her take it on alone as the mortgage is c. 300k. Is there anything I can do to take my name off the mortgage without her remortgaging? She has been paying the mortgage herself and I have not paid anything.
How did the bank lawyers approve a mortgage in your name without any backup collateral - eg the deeds in your name.? Did you offer your own property as security ? If so the mortgage is on your house and she is mortgage free on the property she lives in.
Am confused ?
He means that he is equally responsible for the mortgage which is secured only on the friend's property, held in her sole name.
mf
The bank allowed it danash. Joint mortgage, only her name on the deeds. All passed by the bank.
I did this before I found this site and all the info on it. I also did not say earlier, that she was not just a friend, she's my ex girlfriend. Love is blind? Or just plain stupid?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?