A
americaninex
Guest
First time poster and hoping I'm posting this in the appropriate forum and I can get help.
A couple of years ago myself and my partner bought a house together. However, the house wasn't fully built at the time and was only completed approx 6 months ago... unfortunately myself and the girlfriend split up and I agree to take on the mortgage myself so we would not be sued by the bank.
However this leaves behind a bit of a mess.
I am currently living in the house and paying the mortgage on my own - I am getting by OK financially and I am in a job where I have 100% job security. However, I now want to get the ex off the mortgage - how do I go about doing this? I am afraid if I go back to the bank and tell them that she is not paying any of the mortgage that they may panic and call it back in, can they do this? If so, would they actually do it?
If I had to apply for a new mortgage for the amount to cover my existing one then there is no bank that would lend me that amount. The current mortgage I have is 8 times my annual wage and the bank only agreed to give it as it was a Joint Mortgage with my partner. Is there any circumstances that they might look favourably on my situation and let me take the mortgage on on my own? I have met all payments on time so far (6 of them, not a lot I know) and there is no reason why this will not continue - I do not have anyone else that can go guarantor or share the mortgage with me.
I also know that she has never actually signed the Deeds of the new property - does this have any legal implications for me?
To sum up - I need to get the ex off the mortgage, given my circumstances is it possible to do it?
Thanks.
AIE
A couple of years ago myself and my partner bought a house together. However, the house wasn't fully built at the time and was only completed approx 6 months ago... unfortunately myself and the girlfriend split up and I agree to take on the mortgage myself so we would not be sued by the bank.
However this leaves behind a bit of a mess.
I am currently living in the house and paying the mortgage on my own - I am getting by OK financially and I am in a job where I have 100% job security. However, I now want to get the ex off the mortgage - how do I go about doing this? I am afraid if I go back to the bank and tell them that she is not paying any of the mortgage that they may panic and call it back in, can they do this? If so, would they actually do it?
If I had to apply for a new mortgage for the amount to cover my existing one then there is no bank that would lend me that amount. The current mortgage I have is 8 times my annual wage and the bank only agreed to give it as it was a Joint Mortgage with my partner. Is there any circumstances that they might look favourably on my situation and let me take the mortgage on on my own? I have met all payments on time so far (6 of them, not a lot I know) and there is no reason why this will not continue - I do not have anyone else that can go guarantor or share the mortgage with me.
I also know that she has never actually signed the Deeds of the new property - does this have any legal implications for me?
To sum up - I need to get the ex off the mortgage, given my circumstances is it possible to do it?
Thanks.
AIE