Hello,
I am looking to change the joint ownership of our house to sole ownership, its a tracker mortgage with 100,000 left on it, theres about 250,000 equity in the house. My husband is handing over the full ownership of the house to me (with three kids) . I do not need to buy him out the house will be mine and the kids . There's 16 years left on the mortgage and we are with PTSB, I have read through previous posts and just want to know what the bank can offer me before I meet with them as I dont (financially cant) lose the tracker,the repayments have always been out of my bank account and there were never any arrears. To change from joint ownership to sole ownership is that considered a new mortgage application and would I need to fulfil certain financial criteria ? My changing from joint to sole would this affect the tracker mortgage and repayments? I can arrange a meeting with PTSB but am wary of getting information from them as a lot seems to depend on who you speak to , many thanks for any advice
I am looking to change the joint ownership of our house to sole ownership, its a tracker mortgage with 100,000 left on it, theres about 250,000 equity in the house. My husband is handing over the full ownership of the house to me (with three kids) . I do not need to buy him out the house will be mine and the kids . There's 16 years left on the mortgage and we are with PTSB, I have read through previous posts and just want to know what the bank can offer me before I meet with them as I dont (financially cant) lose the tracker,the repayments have always been out of my bank account and there were never any arrears. To change from joint ownership to sole ownership is that considered a new mortgage application and would I need to fulfil certain financial criteria ? My changing from joint to sole would this affect the tracker mortgage and repayments? I can arrange a meeting with PTSB but am wary of getting information from them as a lot seems to depend on who you speak to , many thanks for any advice