Posting for advice for my goddaughter, with permission, long time poster, have name changed.
Having been with her bf for almost 4 years, they bought and moved into a house together 3 months ago. He has ended the relationship suddenly. She and her parents are devastated, and are unsure what to do re the house. I know they will need to speak to the mortgage company but that won’t be until Tuesday. I said I could ask on here to see if anyone involved with mortgages or who have been through similar can say what the options are and they agreed.
Goddaughter can’t afford the mortgage on her own but wants to stay in the house and is happy to take in a lodger. The parents have had a fairly recent inheritance so could buy the ex boyfriend’s half, and the daughter pay them back via income from lodger once she has one. He has said he will continue to pay his half meanwhile. Well he has to really.
So I guess it would effectively be a remortgage but not sure if that is allowed so early into a mortgage agreement?
As said, they will speak to the mortgage provider next week but that seems like so far away to them that any information from those who know this area well would be appreciated, to start to understand what the possible options are. Thank you.