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You want to take your name off the deeds to your house and leave it to your ex partner but he can not remortgage so can you keep the currant mortgage on house with out having to take your name off?
Wiki User
∙ 13y ago
The bank doesn't care whose name is on the deed, just whose name is on the mortgage. You can sign a quit claim deed so it is all the partner's. So you would be giving up deeded ownership and still be liable for the mortgage if your ex; who can't qualify for a mortgage ever defaults? Really? This doesn't sound like a good idea on so many levels.
Wiki User
∙ 13y ago
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Where might one with bad credit go to get a mortgage or remortgage?
One is able to go get a mortgage or remortgage although there having bad credit at U Switch. This is able to help one with money problems get what they want and has a small overview.
What are the requirements for a no fee remortgage?
The requirements for a no-fee refinance mortgage are being in good standing with your current mortgage, having sufficient income, and having a good debt-to-income ratio. The requirements for a no-fee refinance mortgage are essentially the same as for any other type of mortgage.
How does a self certification remortgage work?
Self certification remortgages allow you to certify your income stated on your mortgage without actually having to provide proof of the income. However, you will have to provide proof that some income is being earned.
What is the difference between renting a property and having a mortgage?
The difference between renting a property and having a mortgage is that when you have a mortgage you are buying the property.
Does having a remortgage help to avoid repossession?
Yes. If you don't remortgage, you can almost be assured that your property will be auctioned off to the highest bidder. The goal is to delay the repossession as long as possible so you will be allowed to prepare for reminders about payments, solicitors, and--when the time comes--upcoming court dates.
Where might one with bad credit go to get a mortgage or remortgage?
One is able to go get a mortgage or remortgage although there having bad credit at U Switch. This is able to help one with money problems get what they want and has a small overview.
What are the requirements for a no fee remortgage?
The requirements for a no-fee refinance mortgage are being in good standing with your current mortgage, having sufficient income, and having a good debt-to-income ratio. The requirements for a no-fee refinance mortgage are essentially the same as for any other type of mortgage.
How does a self certification remortgage work?
Self certification remortgages allow you to certify your income stated on your mortgage without actually having to provide proof of the income. However, you will have to provide proof that some income is being earned.
What institutions offer a buy to let mortgage?
Banks, financial institutes, landlords and lenders can offer a buy to let mortgage. However rates vary and having a good bank partner assist you through the loan could help.
What is the difference between renting a property and having a mortgage?
The difference between renting a property and having a mortgage is that when you have a mortgage you are buying the property.
How can I terminate my ex-partner's obligation on a mortgage loan without removing him from the mortgage loan as I won't be approved for a refinance if I have sole responsibility for the loan?
No you can not. The best you can do is take him off the deed by having him sign a quick claim deed. You will need to qualify for a refinance to get him off the loan.
Does having a remortgage help to avoid repossession?
Yes. If you don't remortgage, you can almost be assured that your property will be auctioned off to the highest bidder. The goal is to delay the repossession as long as possible so you will be allowed to prepare for reminders about payments, solicitors, and--when the time comes--upcoming court dates.
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The purposes of a non-status remortgage are varied. One can use the loan for the purpose of having a nose job or breast implantations done, making renovations on the house, booking a holiday vacation, purchasing a new or used car and consolidating all loans one may have.
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The advantages of having a lifetime tracker mortgage are that you can pay off your mortgage over a 25 year or longer period of time and you can also adjust your payments by lowering them or increasing them.
How could one remortgage with CCJ?
Even for those with a County Court Judgement, it is possible to get a new mortgage. There are two primary things that should be expected. First, the more time that has passed since a debt was paid, the better the chances of having the opportunity to get a new loan. Second, expect to pay a higher interest rate than other borrowers who do not have this history.
What are the benefits of having life mortgage insurance?
The primary benefit of having mortgage life insurance is to eliminate the risk of passing one's debt onto their heirs. The point of having mortgage life insurance is that if one dies with an unpaid balance on one's mortgage then the insurance covers the remaining balance and whoever inherits the estate will owe nothing on the house.
What are the benefits of using a 2nd mortgage calculator?
A second mortgage is when, already having a mortgage, you take out a second loan/mortgage secured on the property. This is possible if you have positive equity. A second mortgage calculator will give some indication about how much might be able to be borrowed without having to actually approach a money lender and give them your personal details.
