removing name from mortgage

[iwantanafternoonnap]

I have finally settled my compensation claim and can now remove ex from mortgage. Very little equity and he put nothing into apart from 1.5 years towards repayments and has not paid anything for a year. He has previously said he does not want any money (mainly because I said that if he did my mum would go through small claims court for half the money we owe her!) so I don''t need to pay him off.

Anyway how do I go about getting his name off the deeds and changing the mortgage? I have been trying to get hold of him with difficulty as I do not know his address, email or phone number. Plus I want to do this as cheaply as possible?

This is the only mortgage I have ever had so not very savvy about these things and need all the help I can get.

You can't do it without his involvement, so find a way of contacting him.
Then:

1. Get a transfer of equity application form from your lender. Get him to sign it, and you fill in your bit (essentially like an application for a new mortgage for you) and send it off.
2. The lender sends out mortgage instructions to your solicitor.
3. Your solicitor draws up a deed of transfer and sends it to ex. He signs it, you sign it and the transfer of the property and the mortgage account goes through.

Simples.

At the Halifax my ex had to come in with his passaport & sign the first bit so ask your mortgage company what to do. Also, as I remember it he wanted to get his name off the mortgage so it's in his interests to co operate.

Thank you thankfully I doubt there will be a problem with him agreeing and I am trying to get hold off him but some of the Army has 3 weeks leave over christmas this year so having trouble with that.

I am changing mortgage providers because I can get a better deal and I have to apply for a new mortgage in my sole name only. Well that is what the bank said anyway. Does this make a difference?

Do you know how much this is likely to cost me? Would it be cheaper if he has to sort it out rather than me or do we both need solicitors?

You need a solicitor but he doesn't. You don't need to approach existing lender. But make sure before you apply for the new mortgage that he agrees to cooperate.

Damn it why does he always get out of paying for anything!

Thanks though