Decree absolute is a couple of weeks away.
Have a buyer for house but buyer is waiting for her property to sell.
I have seen a property which I want to buy for my daughter and myself. Daughter aged 16yrs.
I can get a mortgage for £128k
The property is £370k
My parents have agreed to lend me the remainder until the house sells and then I will pay them back with the funds from the sale of the house.
There is approx 50k outstanding on the mortgage on the marital home.
Can I still take out another mortgage for the new property even though there is £50k remaining on the existing marital home?
I can manage the payments on the new mortgage and also continue to make payments on my share of the mortgage on the ex marital home.
Or
Can I remove my name from the mortgage on the ex marital home but still keep my name on the deeds so when the house sells I still get my 50% share of the profits?
We are in limbo right now.
Husband is still in the marital home and myself and daughter have moved out.
I am paying my share of the mortgage but cannot continue to live with friends until the house sells.
Moving back in the house is not an option.
Any advice would be greatly appreciated.
Please or to access all these features
Please
or
to access all these features
Here you'll find divorce help and support from other Mners. For legal advice, you may find Advice Now guides useful.
Divorce/separation
Can I have two mortgages ?
5 replies
Annabella1977 · 30/07/2016 13:19
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.