Ask a Law Question, Get an Answer ASAP!
I signed a joint mortgage with my former husband (partner at time). He wanted to remortgage borrowing a further 16k back in 2007. Lender wouldnt do a second charge but rather remortgaged entire amount/ Lender wanted to charge 1k to add me onto deeds which former partner didnt want to pay so I agreed not to go on. I was advised to visit a solicitor to take advice and did so with the deed. I wasnt advised that i would forego all of my rights to any future equity potentially by not going onto the deeds. I understood I'd be legally and severally liable for payments but not that I'd never be able to come off or be prevented from abiding by the very lending terms and conditions the bank tied me into (by not being on the deeds) Married the man few years later, divorced and despite evidence of my 23k contributions, ex was given the property in divorce as judge deemed i not entitled to any proceeds as not on the deeds! To add insult to injury I still remain on the mortgage and this has detrimented me and my children as I am now stuck in rented and cant even get a bank overdraft or any credit as Im deemed to be overcommitted. Is there any action i can take for lack of duty of care by the lender who still refuses to remove me from the mortgage?