splitting up from joint mortgage?

They will NOT "just take her name off" the existing mortgage. The two of you are jointly responsible for it and the bank doesn't care about your "splitting up." The only ways for her to "get her name off" the mortgage are (1) pay it off with cash (2) sell the house, or (3) you refinance in your name only.

Edit: You don't need to tell the lender that you have "split up" - again, the lender doesn't care. But you will need your gf's signature when you sell the house. She's probably on the deed, too, isn't she?

For as long as you leave your ex on the mortgage her name stays on the deeds to the property. You may have had an amicable split at the moment but who knows what he response would be 5 or 10 years down the line when you want to sell the house and ask her to sign the transfer papers? She could well say "sure, but only if i get 50% of the equity!"

Are you able to pay the mortgage ,if yes then maybe your bank may accept someone like a relative to act as a 'guarantor' for the loan.

Your ex may be happy now but in the future things may change.She may decide to take a mortgage out for herself.Or she may need money and come back for her share of the house. Or if she was to die,her next of kin may demand her share....I would want to sort out these legal tangles now while you are still on good terms,and protect yourself.

The mortgage company will probably not remove the ex-girlfriend's name - and since you stated that you couldn't qualify for a mortgage solely in your name ... Your options are ... the ex keeps her name of the mortgage and you continue to make payments on the property ... or sell the property. As long as you make the payments, the mortgage company doesn't care who's making them.

If the bank will not let you borrow the mortgage amount on your own for the property then you cannot take on the mortgage yourself. I was in the same position and i was bought out, howwever, they lent him the mortgage amount on his own. You need to speak to your borrow and apply under a single applicant

Get criminal advice. in case you and your ex offered the living house jointly then there could be a recording of the sale and of the flow of the valuables on your names including your community Accessors workplace. you may get a replica of the Deed from them for a cost. in case you have receipts of the money you placed in the direction of the living house you are able to teach your case, or purely with the aid of sharing the living house and a joint financial corporation account ought to teach you shared interior the financial ordinary jobs of the living house. Or as section proprietor, you additionally can stress a sale on the living house so as which you would be able to get your share of the monies. Or, your ex can refinance on the mortage and fairness and characteristic the potential to purchase you out. be constructive to do something as he can consistently declare you abandomed the living house alongside with the financial responisbilites that contain it. good good fortune to you!

Everyone here has already given you great information. I hope you use it.

Good luck.