Posted on 26 January 2015 by John Charcol
I jointly own a mortgaged house with an ex-husband. He now wants off the mortgage, however I want to keep the mortgage and property on. Also he dosen't want a pay off.
What you are looking to do is a "Transfer of Equity", whereby you would remortgage the property into your sole name, and have your ex-husband taken off both the mortgage and title deeds. To do this you will need to meet the lenders standard affordability criteria to make sure that you are able to support the loan based on your current financial cicumstances.
You may wish to firstly approach your current lender, however if they are unable to help, then I would suggest calling us on 0344 346 3672 and speaking to one of our consultants who should be able to assist you.
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