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Can you confirm for me if your partner is registered on the mortgage?
The most viable and effective solution to your case would be to remove her from the mortgage completely and sign a financially legally binding agreements in regards ***** ***** £100K release to her.
It depends on your equity, do you have this particular amount in cash or in assets at your disposal?
If not, you would have to agree to installment payments or alternative methods.
Yes, as long as you are eligible financially and in terms of your age, as most companies require for you to be at least 55 of age.
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I’ve been asked to look at this for you, thank you for your patience.
Please bear in mind as this is an email service and not live chat I may not respond immediately.
Whether you can remortgage has nothing to do with your age - let's just be clear about that.
You need to speak to your bank/ mortgage provider in the first instance. You would be seeking to release equity by way of a remortgage, and in order to be able to do this (and remove your ex partner from the mortgage at the same time) your borrowing capacity will need to be sufficient to cover the existing mortgage plus the additional capital you seek to raise.
Assuming this is fine, then you can remortgage, pay off your ex and have them transfer their rights to the property over to you.
Is there anything that needs clarifying about this for you?
You need to approach your lender. The only way to have your partner's name removed from the mortgage is to have it transferred into your sole name - and the lender has to give you the 'OK' in terms of borrowing capacity/ credit scoring to do this. As to the extra £100k you wish to raise - it may then be possible to do this by way of an additional mortgage or have the existing mortgage amended/ extended. Does this make sense?