Hi all,
Hopefully someone knowledgeable can help with regard to coming off a mortgage. I spoke to a mortgage advisor last year but I cannot get hold of him and my memory has failed to remember the details. So, I still have a mortgage with my Ex on the family home where she lives with the kids and we have a fairly even split of the kids. We never married and separated 5 years ago, and neither of us were in a position to buy the other out, and we still aren't even with a relatively small 55k left to pay. I have no intention of pushing for a sale of the property as it's where my kids live and go to school. Anyway, to allow me to continue with my life, free myself up loan wise and hopefully buy somewhere, my mortgage advisor said it is possible for me to come off the mortgage but still remain an owner. I think he said a solicitor can sort out the form, process or whatever is needed. I just can't remember the terminology so I can explain it to my Ex properly. At the same time we could agree a financial split since we never really sorted this, and put this in writing for when the time comes to sell.
So not sure if anyone has been through similar but any advice on the process would be most welcome. Thanks.
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Divorce/separation
Coming off a mortgage, but retaining ownership?
10 replies
Afterglow78 · 08/07/2020 16:50
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