Hi All,
My partner and I have decided to go our own separate ways after seven years together. We also have a two year old son together.
We bought our house (new build) 2 years ago, which she is still living in and wants to keep, and I am lodging with my brother.
I'd like to add that our split is totally amicable and we will remain close friends for the sake of our son.
Because of our son, I have told my partner that I am more than happy to pay the mortgage on the house so they can remain there. It's a nice estate and in the catchment area for the school we want him to attend.
The mortgage repayments are just under £700 per month and there is no way she could afford to stay there without me paying for it.
What would I need to do from a legal perspective to allow us to have such an arrangement?
Would it be as simple as just carrying on paying the mortgage as I do now or would I have to speak to my mortgage provider or solicitor and inform them of our arrangement?
My main concern is if that I do inform my mortgage provider, will they remove me from the mortgage and put in my ex's name only? Because if they do, there is no way she'll be able to get a mortgage on her own for the house because she only earns £15,000 per annum.
I'd really appreciate any advice.
Many Thanks
My partner and I have decided to go our own separate ways after seven years together. We also have a two year old son together.
We bought our house (new build) 2 years ago, which she is still living in and wants to keep, and I am lodging with my brother.
I'd like to add that our split is totally amicable and we will remain close friends for the sake of our son.
Because of our son, I have told my partner that I am more than happy to pay the mortgage on the house so they can remain there. It's a nice estate and in the catchment area for the school we want him to attend.
The mortgage repayments are just under £700 per month and there is no way she could afford to stay there without me paying for it.
What would I need to do from a legal perspective to allow us to have such an arrangement?
Would it be as simple as just carrying on paying the mortgage as I do now or would I have to speak to my mortgage provider or solicitor and inform them of our arrangement?
My main concern is if that I do inform my mortgage provider, will they remove me from the mortgage and put in my ex's name only? Because if they do, there is no way she'll be able to get a mortgage on her own for the house because she only earns £15,000 per annum.
I'd really appreciate any advice.
Many Thanks