Stbexh left me in August. We agreed without solicitors on child contact, maintenance etc and agreed that I would remain in the family home, remortgage and buy him out.
We agreed on a rough figure he would get depending on what I could borrow.
Finally this week my mortgage has been approved and I have received endless pages of paperwork from the solicitor to complete.
I duly filled it in and returned it.
Now this morning I have received a letter from them saying if there is a transfer of equity I need to instruct a solicitor to do the conveyancing work. I don't even know what this means. The solicitor I have doing the completion on the mortgage was instructed by my mortgage broker and I thought they would just deal with everything.
Have I been really naive? I thought it would go like this: remortgage leaves me with a sum of money left over. I use some of this to pay off a loan we jointly have and give ex his money. Whatever is left is mine due to the mortgage being less now than when I started this long process 4 months ago!
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Anyone know about transfer of equity?
3 replies
aleC4 · 21/01/2017 09:54
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