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24 January 2013

Taking My Name off a Mortgage

Hi I wonder if I could get some advice about taking my name off a mortgage so that I can get another? My ex wife is saying that she can't remortgage for the value of the house as she doesn't have enough income even though I pay her a decent amount each month. I have a new partner and we are currently renting a property. I'd like to get a new mortgage so that I can move on. I am not interested in any equity out of the old house and happy to sign over to her and I don't want her to sell as it is my kids home but I am worried that despite decent monthly income we won't get the mortgage that we want as my name is pn another mortgage?

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