Mortgage on own when married

Mortgage is in joint names, paid by both. Yes my husbsnd is a gambler....hard to admit and only just came out in recent months how bad. But he getting the help he needs. that's the personal side of things so let's just let that be.

I'm not prepared to say or pretend I'm seperated. I think that's playing with fire and I couldn't sleep at night with such a lie. But I appreciate your suggestion.....just not for me.

Buy to let might be the way that others have suggested. It's just I reckon before I got a new mortgage on own one of the conditions will be that I no longer have my current mortgage and thus meaning I can't demonstrate I have a family home.

But anyway.....I have a few options to think about so thanks to those who gave the financial advice.
 
Yes thank you....it may be an option. But just with my current mortgage and outgoings I doubt they with give me an additional mortgage. Worth a shot I suppose.
 
Try other banks and don't forget a percentage of potential rental income will be added to your income for the 'BTL', obviously you won't have any rental income so be sure you can actually pay both loans while you then wait for your own house to sell.
 
Of course it's dodgy, but it doesn't mean it can't be done. Now we know the truth of the issue, especially. Try going to a bank with that! Not a chance she'll get a mortgage on her own with that baggage.
 

My parents legally separated, it was very cheap as they both agreed the details. At that time it was the same solicitor too, don't think it's allowed now. Solicitor was just glad they agreed, very unusual. It's just a standard legal document.
 

That's fair enough Sally. And of course you know you'll never be able to trust him financially. My OH does the odd bet, has a PP account, which is a no no with banks, so we use a separate account for it. I had a 17 year old visitor from Ireland last week, got on great with my OH as he has a PP account too! illegal of course, father is in horses.

You have my sympathies. That's an awful shock to you, but better you find out now so you can secure the financial future of your family and get your husband help.

Based on what you've posted, I would be very skeptical of the advice of your husbands relative.

Go to a good broker, the one I mentioned, tell the truth, don't hold back, he should be able to help you manoeuvre around sorting this out. Don't go near the bank until you do this.

Best of luck. ( yes your inheritance can not be touched - keep the proceeds in an account in your name only)
 
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