Hi
I'm looking for some advice please.
Unfortunately my marriage has broken down and we will end up getting divorced. Both my Wife and I are still at home and are looking at one of us buying the other out.
Unfortunately I'm a bit of a numpty when it comes to mortgages so would appreciate any advice.
We're currently in a 10 year fixed rate which is due to expire in 2015. We have £88000 left to pay on the mortgage and a fair price for one of us to buy the other out has valued the house at £180000.
I know that I need to see our Mortgage provider (Nationwide) and explain the circumstances but I'm a bit stuck as to what I need to do/ask for and I don't want to appear an idiot.
Any pointers would be most welcome. Thanks in advance.
I'm looking for some advice please.
Unfortunately my marriage has broken down and we will end up getting divorced. Both my Wife and I are still at home and are looking at one of us buying the other out.
Unfortunately I'm a bit of a numpty when it comes to mortgages so would appreciate any advice.
We're currently in a 10 year fixed rate which is due to expire in 2015. We have £88000 left to pay on the mortgage and a fair price for one of us to buy the other out has valued the house at £180000.
I know that I need to see our Mortgage provider (Nationwide) and explain the circumstances but I'm a bit stuck as to what I need to do/ask for and I don't want to appear an idiot.
Any pointers would be most welcome. Thanks in advance.