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separation & mortgage - where do i stand?

Last post Wed, Oct 14 2009, 7:34 AM by Brooooooooooce. 1 replies.
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  •  Wed, Oct 14 2009, 7:34 AM

    Re: separation & mortgage - where do i stand?

    Is your salary likely to increase (ideally double) in the near future? I don't think taking a loan on at 6 times salary is a sensible option, even with a guarantor.
    • Post Points: 20
  •  Tue, Oct 13 2009, 9:24 PM

    separation & mortgage - where do i stand?

    My partner has agreed to be removed from the mortgage & title deeds & for me to take on the house & own it. However, mortgage company does not allow names to be removed from the mortgage. I don't earn enough to have a mortgage solely in my name - LTV is currently 90% - so there's only 10% equity in the house. Value of the mortgage is 6 times my salary. How easy would it be to get a guarantor on my mortgage? I would have to get a whole new mortgage. Does anyone know who would be best for help re the above or who's best on the market to go to for the specific circumstances above? Any response would be greatly appreciated. Also - no equity will be taken from the house to buy my partner out. Thanks
    • Post Points: 20