Hello, I'm chasing my tail trying to find out a solution to my problem.
I have a mortgage with my ex-husband. He wants to remove his name from the mortgage so that he can start a new mortgage with his new partner.
I and my new partner are easily able to afford the repayments, but because we are both self-employed and our net profit is really low, our current provider says we are not eligible to meet their requirements for the amount of the mortgage.
What do we do? We have been making the repayments easily for the last year and see no reason why we can't continue to do so. Will they force us to sell up? Can my ex-husband get his name removed anyway?
Any advice gratefully received!
I have a mortgage with my ex-husband. He wants to remove his name from the mortgage so that he can start a new mortgage with his new partner.
I and my new partner are easily able to afford the repayments, but because we are both self-employed and our net profit is really low, our current provider says we are not eligible to meet their requirements for the amount of the mortgage.
What do we do? We have been making the repayments easily for the last year and see no reason why we can't continue to do so. Will they force us to sell up? Can my ex-husband get his name removed anyway?
Any advice gratefully received!