Joint Mortgage

[Rachel+Cat]

I've been in a joint mortgage for 7 years with my boyfriend and I desperately want to split up. I really want to keep the house and we have a mortgage of �76,000ish. I know I could afford this on my own, however have about �5,000 debt (overdraft, credit cards, etc) which I could prove has been for his things too, holidays, clearing his debt, etc.
He pays �600 direct into my account each month which is the mortgage amount, but then everything else I pay for, bills, food, D/Debits, etc. I know he's blacklisted, and he basically knows he'd struggle to get another mortgage and has a company chasing him for �15,000. How do I go about trying to get the house on my own, next steps, etc... HELP!

[sammd]

Make an appointment with your mortgage lender to see if they'd be happy with you taking over the mortgage by yourself.

[jtay17]

I work for a mortgage company & you would need to satisfy the following 2 conditions:

1. Your boyfriend would need to be in agreement - you can't take someone off a mortgage otherwise.

2. Your salary needs to be enough to support the mortgage on your own. Depends on your lender but most companies work on 3x - so approximately �25Kpa.

[chitchat]

You need to see your lender to see if they are prepared to release your boyfriend - and he has to be in agreement too - from the mortgage. If they are happy for you to go it alone then you will need to see a solicitor who will arrange for the tranfer of equity to take place. You will be charged for this transaction by the solicitor and probably by your lender. You will need to speak to them regarding the fees they will charge. Good Luck.

[kazza12345]

btw, if you have paid off some of his debts using your credit card, with no agreement for him to pay it back, you are on a bit of a sticky wicket counting them as his debts

[themas]

kazza - it looks from the original post that the debts are in Rachel's sole name. If so, she is the only person legally liable for them. However, if they are in the partner's sole name then legally only he is liable to pay them - regardless of whether Rachel has in fact been doing so. She could stop paying at any time and the creditor could not come after her.

[Rachel+Cat]

Hi - Thanks for your help. In respect of things I've been paying for him. The situation is he's had monument and capital one credit cards in his name only, and I've paid them off for him by writing cheques to the credit card companies from MY account because he's got himself in a mess. I've now paid them off in full for him. I've also paid things like his car insurance for him on my credit card, a �2500 cruise that we went on. This has been because he can't get credit for a chocolate bar! so he's relied on me to bail him out! He's c**p with money and thank god I do keep records of everything, so don't know if this will put me in a better position.