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Started by loanarranger, 23-12-2015, 18:43 PM
185 responses
17,571 views
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Last Post loanarranger  
Started by louisck, 23-07-2017, 10:21 AM
6 responses
54 views
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Last Post loanarranger  
Started by ejuokersf, 22-07-2017, 17:33 PM
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13 views
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Last Post ejuokersf  
Started by ajtaylor, 15-07-2017, 21:27 PM
8 responses
107 views
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Last Post loanarranger  
Started by craig2222, 21-07-2017, 07:22 AM
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Last Post boletus
by boletus
 
Started by Logical.Lean, 20-07-2017, 18:27 PM
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Last Post Logical.Lean  
Started by dotcotton999, 19-07-2017, 19:09 PM
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Last Post Logical.Lean  
Started by john deere guy, 19-07-2017, 11:03 AM
4 responses
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Last Post cfaproperty  
Started by Rachie1973, 16-07-2017, 12:32 PM
5 responses
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Last Post tatemono  
Started by propertyboy, 17-07-2017, 19:56 PM
1 response
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Started by gungadin, 19-01-2017, 09:07 AM
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Last Post Moderator2  
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  • Joint-Mortgage friend not paying their half
    louisck
    Hi. Wasn't sure where to post this. I have tried to use google but almost all the information regarding joint-mortgage is between couples. I am wondering, if you have a joint-mortgage, but one person refuses to pay, leaving you with all the payments; can you get their name removed from the title-deeds...
    23-07-2017, 10:21 AM
  • Reply to Joint-Mortgage friend not paying their half
    loanarranger
    It is entirely down to the lender as to whether party B can be allowed to be discharged from the mortgage and that as I pointed out is 100% dependent on where Party A can satisfy them of his ability to meet the mortgage payments using his financial data using the prevailing loan affordability matrix....
    23-07-2017, 14:22 PM
  • Reply to Joint-Mortgage friend not paying their half
    leaseholder64
    Loanarranger: I think we actually agree. I was trying to keep the posting short as it is basically saying there is no simple way of doing it, and possibly didn't make it clear that you would both permission from the other party to buy them, and to arrange new mortgage terms. (I believe the mortgagee...
    23-07-2017, 13:09 PM
  • Reply to Joint-Mortgage friend not paying their half
    loanarranger
    leasehold64 , unfortunately one cannot just start a new mortgage or transfer the mortgage into a sole name until the other party has given agreement to relinquish their share of the property or sell their interest at an agreed price, then one has to approach the lender and establish if their own income...
    23-07-2017, 12:49 PM
  • Reply to Joint-Mortgage friend not paying their half
    leaseholder64
    I don't believe that being a couple makes any difference here, except, possibly, for tax. England v Scotland might and, using English terms, tenants in common versus joint tenants probably does.

    You can't force them to sell their share to you, and you will probably need to start a new...
    23-07-2017, 10:45 AM
  • Reply to Joint-Mortgage friend not paying their half
    jpkeates
    The ownership on the title and the mortgage aren't connected.

    The beneficial ownership may be affected, but it would take a court to determine that (and depriving a property owner of the entire property for not paying some of a loan secured against it would be a huge step).

    ...
    23-07-2017, 10:36 AM
  • Reply to Joint-Mortgage friend not paying their half
    MrShed
    Not without the other persons permission, no.

    You would have to sue the other person for their share of the mortgage.

    Whats the situation here, do both parties still live in the property? Some context may be helpful as to options.

    (PS - "couples" are...
    23-07-2017, 10:29 AM
  • nalogbuhgalter.ru - оптимизация налогов, бухгалтерский учет Санкт-Петербург..
    ejuokersf
    Вам не выгодно содержать штатного бухгалтера? Вы не хотите доверять бухгалтерский учет вашей компании случайным людям? Вы хотите, чтобы бухгалтерский учет велся с...
    22-07-2017, 17:33 PM
  • Residential Remortgage, Consent to Let and Purchase of New Build
    ajtaylor
    I have a complex situation I would welcome some advice on. I have stumped my two mortgage broker so far. Any ideas/tips would be most welcome. The scenario is;

    My wife and I currently own outright a property worth £410k. We are looking to release equity in order to purchase a new build,...
    15-07-2017, 21:27 PM
  • Reply to Residential Remortgage, Consent to Let and Purchase of New Build
    loanarranger
    I am inclined to agree with Logical.Lean. Lending solutions come from experience and working on a face to face basis with both clients and brokers. Nothing is " Complex" as each case will have its own characteristics and there is normally a mental "Flow Chart" which enables the broker...
    21-07-2017, 14:50 PM
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