Donate SIGN UP

Removal of name from mortgage

Avatar Image
lauping | 19:08 Tue 03rd Feb 2009 | Business & Finance
2 Answers
I have a joint mortgage with my ex partner, we owe �110,000. We split up, I have moved out and my partner agrees that we should get my name removed from the mortgage. Only thing is house prices have dropped and when we contacted our mortgage lender (Cheltenham and Gloucester) they said the house is only now worth �100,000 and they'll only lend my ex 95% of the property value. We haven't got the difference between what we owe and what they'll lend to pay off, but my ex can more than afford the repayments on what is currently owed. Is there anyhing else we can do? I'm desperate to get off the mortgage!
Gravatar

Answers

1 to 2 of 2rss feed

Best Answer

No best answer has yet been selected by lauping. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
You'll have to try to raise the difference somehow - sell your assets, personal loan..

Or sell the house
another lender?

1 to 2 of 2rss feed

Do you know the answer?

Removal of name from mortgage

Answer Question >>