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Buying an Ex partner out of a Mortgage

3 replies

SomewhereovertheRainbow02 · 03/04/2014 20:32

Hi
Does anyone have any advice on how and where to start with buying an ex partner out of a mortgage?
I dont even know where to start.
Any advice would be greatly appreciated.
TIA

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MooseBeTimeForSpring · 03/04/2014 20:41

So the property is in joint names I assume? Is there any equity?

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MooseBeTimeForSpring · 03/04/2014 20:43

Has the lender confirmed you could take over the mortgage in your sole name? If you need to pay him a lump sum can you increase the mortgage by that amount?

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SomewhereovertheRainbow02 · 03/04/2014 21:37

Hi,
I have only today thought about doing this and no idea where to start!
Do i need to get the property valued first?
Yes both our names are on the mortgage!
Ive lived here 4 years solely!