Mortgage advice

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  • #28418 Report


    Hi everyone,

    Me and my ex have a joint mortgage. He has moved out and I want to put the house into my name and pay the mortgage. I know I can afford to do this but I just don’t know how to.

    Also, once that is sorted can we both then come to an arrangement of how much money he will be entitled to ourselves or does it have to be through a solicitor?

    Any help/advice would be really helpful.



    #28432 Report


    The first thing would probably be to call the mortgage company and ask them what they require to make the change to the mortgage.

    They will probably require you to use a solicitor to end your exโ€™s claim on the property.

    But start with them. See what they say.

    #28478 Report


    Hi LS8617

    Having gone through all of this, not that long ago… ๐Ÿ™‚ You don’t need to have a solicitor to work out what you want to give him for the house, if you have had a amicable split then you should be able to work it out. I would get the house valued and then you know what equity is in the house. (Don’t include anything in the house because if you sold that, you would get pennies for it)

    You will also need to go and see the mortgage company and let them know that you are wanting to take over the mortgage , they will check to see if you are able to, they will also look to see if it needs to be higher to cover his buyout figure. (unless you have savings to do this)

    Once you have reached an agreement and the mortgage company have said yes to the takeover. you will need to have a solicitor as they will need to do the title and deeds transfer, so that your ex doesn’t have a claim. they might advise that you need to have a financial court order drawn up and this will then mean that, if you ever want to sell the house in the future. your ex will have no hold over the house.

    hope this all makes sense, happy to answer any questions about it as I am coming to the end of buying my ex out and it will hopefully be all done, within the next couple of weeks ๐Ÿ™‚ ๐Ÿ™‚

    good luck xx



    #28496 Report


    Thank you that’s really helpful!


Viewing 4 posts - 1 through 4 (of 4 total)

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