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Divorce/separation

Here you'll find divorce help and support from other Mners. For legal advice, you may find Advice Now guides useful.

Original poster

Buying ex out - what mortgage

2 replies

MenopausalMrs · 28/01/2020 16:30

Hi

I want to buy my ex out which means getting a mortgage to cover existing outstanding amount plus the amount he wants (eg £50K left on mortgage and an extra £40K to buy him out = £90K)

What kind of mortgage do I need to do this? Just a usual one for the full amount and then the money gets transferred?

Sorry if that is a daft question 😂 and thanks in advance for any advice!

OP posts:
Otter71 · 28/01/2020 17:26

As long as you can afford the full amount and the loan to value is OK should be a standard mortgage and the solicitor will do TR1docs to take his name off...

Original poster
MenopausalMrs · 29/01/2020 09:10

Thanks 🙏🏻

OP posts:
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