I have never yet, ever heard of a lender removing someone from a mortgage (once they are on the mortgage) because they have later on got a bad credit rating. Similarly, the deeds.
In that respect, I could not agree more with your friend.
It is the situation you may not be able to get a mortgage but as from being removed, I cannot see that being correct. I am prepared proven wrong and there is a first time for everything so I would want to see the letter from the lender that says this AND I would want to verify the authenticity of that letter by speaking to the lender myself.
I’m sorry to have to tell you this but I think that you are being misled.
One other point, and that is that even if you weren’t on the mortgage or the deeds, you can simply register a Matrimonial Home Right notice which would stop the property being sold or remortgaged without your consent.
My suggestion is not to do anything and not to sign anything.
Can I clarify anything for you?
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