I have a mortgage of 136K with my ex .The lenders have valued the property at 123K He want's to selll but i want to keep, what can i do?

I have spoken to the mortgage company and they want at least 17K to get his name removed from the mortgage. Can a solicitor draw up something legal so that his name can be removed or at least his liability removed from the mortgage and deeds so that myself and my current partner can take control of the house? Currently it's being let but we've had a few issues with tenants (can't seem to find long term relaiable ones). My ex has always expressed no interest in the house whatsoever.
I feel stuck in a no win situation, i can't afford to sell the property but can't afford to take full ownership of it either simply because the mortgage company want so much to change the details. Your advice is much appreciated.

Asked by kirstycollier1

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Answered by webuyhouses
Hi Kirsty

Could you tell me where the property is? I cant help with removing your ex's name from the deeds. I met a couple in a very similar situation a few weeks ago and the bank wouldn't budge.

If you would like to consider a long term let over a few years get in touch and I'll see what I can do to put money in your pocket.

Brian

www.webuyhousesnetwork.co.uk | 08.04.12 @ 20:41
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$commenter.renderDisplayableName() — {comment} | 09.24.17 @ 03:11
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Answered by nicholabaileff
I have a house in spain which i no longer live in due to my husband having an affair. we have no equity but only have 10 years left on the mortgage. I have contributed towards the property for 15 years, he wants to move back into the property, what happens in 10 years time when the mortgage is paid off? would i be entitled to a percenage? | 09.04.12 @ 20:38
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$commenter.renderDisplayableName() — {comment} | 09.24.17 @ 03:11
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