Transferring the mortgage to my sole name

Posted on 18 October 2012 by Tracy

I have separated from my husband and wish to transfer the title into my name. he is willing to do this. I only work two days a week and probably in the first place would not be allowed to lend £130,000 if I was buying a new house, 130,000 being the current mortgage. I can clearly afford the payments, have a good credit rating, will the bank grant this to me?? I have banked with them (my mortgage lender) for 21 years and never got into any trouble with my mortgage and I am not borrowing any more on this. Will they consider ????

Without knowing the exact figures it's not really possible to say if your lender will allow you to take the mortgage on in your sole name. As well as your earned income, they can also take into account any maintenance payments that your ex husband will be paying as long as they are court / csa ordered, which may make a difference.

If you would like to discuss your enquiry in more detail, then please let me know and I'll arrange for you to speak to one of our consultants who can take you through the options open to you.

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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