You are saying that the mortgage is being 'renewed', what do you mean by this?

You are reaching the end of the discount or fixed period before moving onto the lenders Standard Variable Rate (SVR).

You mortgage would be for a long term (25 years) and you would be 'tied in' for a short term where you receive a discount or fixed rate.

You are not under any obligation to apply for a new mortgage at the end of this period, and in you circumstances, perhaps delaying any changes would reduce the amount you would have to pay to remove.

Your mother could then apply for a mortgage in her own name in January and you'd have to wait till then to apply with your girlfriend.

HTH

Sparky.

hi all

due to circumstances im currently in a joint mortgage with my mother which is due for renewal in november. it was our intention to remove me from the mortgage when renewing which will allow me to buy a house with my girlfriend. my mother is owed money that would reduce her mortgage balance to an amount which she could be lent on her salary.....trouble is, we've reached this point and the money she is owed is not being payed back as we had expected.

if we keep my name on the mortgage when it's being arranged will they allow me to be removed in say january? im not sure this will be allowed but my mother has spoken to someone from Nat West and that is her understanding.

we have never missed a payment on our mortgage (or any loan) and my mother would be able to pay it on her own, unfortunately because of her salary she is being offered £72000 and the outstanding balance is something around £86000.

my mothers really stressed about this and it's not doing me much good either. please could someone offer some advice.

thanks in advance

L