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24 June 2010

i have separated from my partner, I want to keep the house, but what do I do if the bank refuses to tranfer the mortgage to me??

hello, I currently have a joint mortgage with my ex partner of 9 years. We are in a fixed term for another year so to sell we will incurr very high penalties. There is also work needed to be done on the house to be able to sell it for what we paid for it. Basically its in negative equity. My partner is happy for me to take on the house and he will finish & pay for the work / pay me half the neg equity. I have been in touch with the bank and applied for it to be tranfered but im getting worried that I wont be accepted. I am just wondering if anyone knows what options I have if the bank say no?? I've sent a form detailing everything I can to prove I can afford it on my own.

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