I've paid the mortgage on my own for 7 years, now I may have to sell, as my lender says I can't afford it? Help.

Posted on 10 June 2014 by Tracey

I have been separated from my husband for 7 years and I have been paying the mortgage for this time. He now wants to get a mortgage with his new partner, and he went for a transfer of equity to my sole name. However it has been turned down because of my affordability, even though I have been doing it for 7 years. Now he says I have got to sell. I don't know what to do next as I really do not want to sell.


Your current lenders view seems slightly harsh bearing in mind that you have supported the mortgage on your own for the past 7 years. This would seem to be one of these "the computor says no" situations, and I would suggest two things to start with.

Firstly, I would speak to a solicitor to ascertain your exact legal position in relation in regarding your ex-husband wanting you to sell the property.

Secondly I would write to your lender asking for a full explanation as to why you fail affordability when you can clearly demonstrate that you have been paying the mortgage, without your ex's assistance for the past 7 years. I would also say that the letter should include the interest rates you have been paying.

It may be that another lender may take a slightly less harsh view on your affordability, as each one has different way of assessing.

If once, you've exhausted your existing lender, then it may well be worth contacting one of our consultants on 0344 346 3672 and they'll be able to give you an idea of what we can do to help.



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