Joint mortgage

[Martik23]

Hi , use like to know where I stand on having a joint mortgage with someone who lives in the property owner, cannot afford to take on some ownership and is not willing to sell the house with me , how can I get my name took off?

[Diana M]

Re: Joint mortgage

Hello Martik

It'll be up to the mortgage lender as to whether your name can be taken off the mortgage.

The loan would have been advanced/underwritten on the basis of both applicant's financial circumstances so the maths may not add up if they release one of you.

Can you say say why you want to rearrange the financial deal? Are there mortgage arrears accruing?

Is there any equity in the property?

Is the property owned as Joint Tenants or Tenants in Common?

Di