as briefly as possible....
Ex & I bought a house some years ago. When we split up last year I moved into rented accom. He still lives there. We have a joint mortgage (offset type thing with linked joint account into which we have both carried on paying in our salaries - and out of which has come mortgage & my rent - ever since).
I want to buy a house. Cant sell house I own with ex for many reasons. He will give me 20k for a deposit, and then my 'share' of house when he sells (probably about 5-7 years time).
I was initially told - when speaking to mortgage advisor- that I will need to come off mortgage on house I own with ex, that should be put in his name alone, & agreement/contract drawn up to protect my interest in house, and ensure i get my half when its sold. mortgage in exs name should not be a problem - theres about 80-90k left on it, he earns £45k a year or so, and house is worth over £300k. was told would all be v straightforward & could be done at same time as conveyancing etc.
however (having now found house I want to buy & looking to put it all in motion)
spoke to a friend who knows someone who was in a similar situation who was advised NOT to come off mortgage under any circs because otherwise she would have had no control over house, & it could have been sold without her knowledge........
however I was told I won't get a mortgage if I'm on one already....iyswim.
Has anyone been in this position - or anything vaguely similar? Having thought this was all simple, am now REALLY worried!