Sorry i know all of that ......sorry prob didn't explain too well. ....He would not get a mortgage for the same amount based on his wages alone.......but he could get a lodger or let it out or move to a smaller house.
If he got a lodger/or rented house out.....would the mortgage company allow this if her name were no longer on the docs ?
If he bought a smaller property would he still have to pay redemption fees if he stayed with the same lender?
If they do not tell the mortgage company anything .....and my son has lodger and she doesn't have anything to do with property and i pay her £20k can she ever go after him for half of the house in the future?
hope i explanined it a bit better?
thanks very much
Can you tell me if i need to go to a local solicitor to get the deed which she would need to sign if he chose option 3 or can i get one online?
Just one more question ...sorry:
Can you tell me if my sons girlfriend can make him sell the house in anyway?
Are you able to tell me if my sons ex can force him to sell as she has a deed of trust (which i have attached) ?
If so do you have any idea what this would cost her if he fought it?
Thanks for your reply,
Would be much appreciated if you are able to get back to me by this evening if poss ?
Ok thanks for that.
Neither of them live at the property and have never done so ....it has been empty since they bought it.
So if my son does not agree to sell and she decided to take him to court what would happen and who would be liable for the costs?
Sorry for all questions but he is so worried that he will lose everything he has put into the house if he is forced to sell.
I will of course give you a bonus for answering these extra questions,