Breakup and remortgaging

[namechange246810]

I can't find the answer online.

I bought a house with my ex in Feb 21. We broke up in March 21. I know...

I am one year into a 3 year fix on a mortgage, and have a single £18000 loan.

Would a bank even consider letting me remortgage to buy my ex out of their share of the property?

I'd need £10-20k on top of the £20k cash I already have.

A bank will loan you as a general rule
4.5 times your salary - also taking into account other outgoings including other loans.

So it depends on your salary

If you are on a fix you’d probably have to pay a punitive early repayment charge, you’d be best placed to have a word with your bank and see if it would apply.

@Movingonup22

A bank will loan you as a general rule 4.5 times your salary - also taking into account other outgoings including other loans.

So it depends on your salary

I'm on £38000

Well times £38,000 by 4.5 and there’s your rough idea of what a bank will lend you!

Talk to the bank. Ring the helpline. None of us know.
Your decreased deposit % and inflation increase is going to affect your payments - can you afford.
Then it's negotiation time.
Work out the selling costs - so the estate agent fees, solicitor costs (Fidler & Pepper have an instant online quote) and early redemption penalty. Half of those are his bills too. This is X
If you can remortgage without penalty - great.
If you can remortgage but with penalty then see how much he will "pay" towards this. Ie deduct from his share. As the alternative if you sell the house will be X.
Don't be too attached to the house - I was and saw lots of advice telling me exactly that which I ignored. I think they were right.