Hi
Im really not sure where to go with this but ill give you some background so sorry if its long winded!
5 years ago I sold my house and moved into my then partners house and paid his mortgage of at around 54k ( house was worth around 70k) we were mortgage free for abit, then took another mortgage out at 43k for a loft conversion, car and consolidated his student loan and a bike loan.
Basically my Ex and I split last May due to him cheating on me and I kicked him out. The mortgage which is now 37k has been paid by myself since although I am on full state benefits plus child tax credits and maintenance. He doesnt contribute to the mortgage at all and his name is still on the mortgage. The term on this is 15 years and the 3 yr fixed interest run out in Feb 2013. Because i didnt want to go on variable, i asked if i could have a fixed term, which First Direct agreed. I also asked if i could have my ex name taken off the mortgage, which in response said they couldnt untill I get a dependable income. I talked all this through with my ex and he had no issues with it and stated hopefully with me fixing the mortgage back in for 2 years, it will give me time to get myself up, with a job ( I have a young son and 2 teenagers) and i will be able to release his name after this fixed rate finishes as he was aware of the penalty fees.
This has been ok until around a month ago when he got involved with someone. He now wants his name off the mortgage, like yesterday. I advised him that my hands are tied. Im still trying to look for a job that fits around family life so i cant be re-assessed for a mortgage in my own right with First direct or most other mortgage companies until I get a job. He has been told that there are companies that WILL take people and give them mortgages soley on benefits and without a job. He has offered to pay my penalty fee if i can move the mortgage and take his name off in the process. Does anyone know who will take someone on a mortgage purely on benefits? I have tried some of the main mortgage lenders , halifax, nationwide but they have stated that i need a dependable income. Any advice would be clearly welcome x
Im really not sure where to go with this but ill give you some background so sorry if its long winded!
5 years ago I sold my house and moved into my then partners house and paid his mortgage of at around 54k ( house was worth around 70k) we were mortgage free for abit, then took another mortgage out at 43k for a loft conversion, car and consolidated his student loan and a bike loan.
Basically my Ex and I split last May due to him cheating on me and I kicked him out. The mortgage which is now 37k has been paid by myself since although I am on full state benefits plus child tax credits and maintenance. He doesnt contribute to the mortgage at all and his name is still on the mortgage. The term on this is 15 years and the 3 yr fixed interest run out in Feb 2013. Because i didnt want to go on variable, i asked if i could have a fixed term, which First Direct agreed. I also asked if i could have my ex name taken off the mortgage, which in response said they couldnt untill I get a dependable income. I talked all this through with my ex and he had no issues with it and stated hopefully with me fixing the mortgage back in for 2 years, it will give me time to get myself up, with a job ( I have a young son and 2 teenagers) and i will be able to release his name after this fixed rate finishes as he was aware of the penalty fees.
This has been ok until around a month ago when he got involved with someone. He now wants his name off the mortgage, like yesterday. I advised him that my hands are tied. Im still trying to look for a job that fits around family life so i cant be re-assessed for a mortgage in my own right with First direct or most other mortgage companies until I get a job. He has been told that there are companies that WILL take people and give them mortgages soley on benefits and without a job. He has offered to pay my penalty fee if i can move the mortgage and take his name off in the process. Does anyone know who will take someone on a mortgage purely on benefits? I have tried some of the main mortgage lenders , halifax, nationwide but they have stated that i need a dependable income. Any advice would be clearly welcome x