{"id":98435,"date":"2018-09-24T17:33:06","date_gmt":"2018-09-24T10:33:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-my-ex-partner-get-a-mortgage-deal-so-she-can-stay-in-our-house\/"},"modified":"2018-09-24T18:03:33","modified_gmt":"2018-09-24T11:03:33","slug":"can-my-ex-partner-get-a-mortgage-deal-so-she-can-stay-in-our-house","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-my-ex-partner-get-a-mortgage-deal-so-she-can-stay-in-our-house\/","title":{"rendered":"Can my ex-partner get a mortgage deal so she can stay in our house?"},"content":{"rendered":"


\nShe doesn\u2019t have funds to buy me out and couldn\u2019t afford to pay the whole mortgageQ My partner and I bought a house together as tenants in common with a four-year fixed-rate mortgage. The house was \u00a3370,000 and the deposit was \u00a3150,000 which I had inherited on my dad\u2019s death, and which we agreed would be ringfenced as mine. My partner and I split up less than two years later, and I left and currently live with my brother. My ex-partner would like to stay in the house but cannot afford to buy me out. I am willing to negotiate but have no idea what is possible. Would she be able to remortgage releasing some \u2013 but not necessarily all \u2013 of my deposit? An added complication is that we will both be on smaller salaries from this year, and although our mortgage that we currently split 50:50 is perfectly affordable, for her to pay the total, or more than the current total, would not be feasible. Would the lender consider dropping to an interest-free mortgage when the current fixed-rate term expires next January? Are there any other options we could consider (other than sale)?SPA I think you asked your penultimate question more in hope than in expectation as I\u2019m sure that deep down you know that the answer is no, your lender will not \u201cconsider dropping to an interest-free mortgage when the current fixed-rate term expires\u201d. The most any lender will do to give its mortgage customers a break is to grant a payment holiday where you are let off paying your mortgage for a couple of months or so because you find yourself in financial difficulty. But it\u2019s not interest free as any interest not paid is added to the mortgage loan which makes taking a payment holiday expensive. Taking a payment holiday also wouldn\u2019t help solve your problem. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Can my ex-partner get a mortgage deal so she can stay in our house?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

She doesn\u2019t have funds to buy me out and couldn\u2019t afford to pay the whole...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-98435","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-pBF","jetpack-related-posts":[{"id":11842,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-ex-wont-honour-the-declaration-of-trust-we-signed-for-our-mortgage\/","url_meta":{"origin":98435,"position":0},"title":"My ex won't honour the declaration of trust we signed for our mortgage","date":"June 26, 2014","format":false,"excerpt":"\r We agreed to split any equity on the property equally, but my former partner turned nasty when I asked for my fair shareQ My and ex and I bought a house a year ago but unfortunately split up four months later. I moved out the house and continued to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2927,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-brother-and-i-are-struggling-to-split-our-inherited-house\/","url_meta":{"origin":98435,"position":1},"title":"My brother and I are struggling to split our inherited house","date":"September 24, 2015","format":false,"excerpt":"\r He thinks he\u2019ll have to get a mortgage as well as raise a deposit in order to buy me outQ My brother and I have inherited a house and we each own 50% of it. He currently lives there with his partner and intends to do so for quite\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12638,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-warning-for-unmarried-couples-as-ex-partner-gets-half-of-house\/","url_meta":{"origin":98435,"position":2},"title":"Mortgage warning for unmarried couples as ex-partner gets half of house","date":"June 20, 2010","format":false,"excerpt":"\r Ex-boyfriend entitled to half share 17 years after split even though he did not pay mortgage, appeal court rulesUnmarried couples who split up could be in for a nasty shock about who owns their home: appeal judges have ruled that a man who left his partner 17 years ago\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-can-i-buy-my-partner-out-of-our-shared-property\/","url_meta":{"origin":98435,"position":3},"title":"How can I buy my partner out of our shared property?","date":"December 5, 2012","format":false,"excerpt":"\r Q My partner and I split up a year ago. We jointly own a house worth about \u00a3400,000 with an interest-only mortgage of \u00a3242,000. My ex paid half the mortgage until the rate doubled after our cheap rate finished, so since August I have paid it on my own.We\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82142,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-said-it-wasnt-acceptable-how-bristol-is-standing-up-to-developers\/","url_meta":{"origin":98435,"position":4},"title":"'We said it wasn't acceptable': how Bristol is standing up to developers","date":"March 7, 2018","format":false,"excerpt":"\r With little social housing and a property price explosion, campaigners and councillors are taking back controlHousing crisis: 15,000 new Manchester homes and not a single one \u2018affordable\u2019When former legal adviser Kerry Mead, 41, split from her partner and needed a home to rent with her two children, Sammy, 9,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131581,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-buy-a-home-together-even-though-it-will-leave-me-worse-off-than-him\/","url_meta":{"origin":98435,"position":5},"title":"Should we buy a home together even though it will leave me worse off than him?","date":"November 14, 2022","format":false,"excerpt":"\r My partner and I want to merge our assets but a high mortgage will leave me little for monthly savingsQ My partner and I have a big conundrum and wondered if you could weigh in on our issue before we take the next step. Essentially, we are looking to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/98435"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=98435"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/98435\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=98435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=98435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=98435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}