I can't afford to buy 'D'H out and take on the mortgage and he won't leave unless he gets his equity. I could possibly take on the mortgage if I can prove to the bank that I can make the repayments without his assistance but they won't let me remortgage to buy him out..
My latest idea to raise the equity is to show the bank I can make the payments (I can), take on the mortgage and then get out a secured loan on the house to pay him the equity. It would be tight financially but I can't see how else I can do it.
Has anyone else done this? I know it should be a last resort, and it is, but if it sorted the finances I'd be prepared to do it.
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Divorce/separation
Buying ex out - secured loan. Has anyone done this?
11 replies
Fantasisa · 30/07/2020 18:52
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unluckyducky ·
31/07/2020 09:17
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unluckyducky ·
31/07/2020 12:17
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unluckyducky ·
31/07/2020 12:31
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unluckyducky ·
31/07/2020 12:47
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