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Hi Mac, thank you for getting back to me.
Here are the answers:
2. The value of the flat the we currently live in is approx £230,000 and the one that we rent out is approx £175,000.
4. Mortgage on property 1 is £930 and property 2 is £650.
5. No other assets really.
6. His income for last year (profit from self employment) is approx £10,500
Hi and thank you for your response. If I want his name removed from the property and and mine removed from the other one (hopefully he can get a loan and pay me a part of the equity on the other one) would that be achievable? Do we have to notify the banks? Can we start the divorce proceedings despite the property issue?
so if we agree on all the finances, have the court order and agree on everything else, the divorce can be done? What happens if we don't get released from either property? No one can remortgage the house without the other one before it has been paid off, is that correct?