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Property Adjustment Order

danash · 2009-02-03 20:49:02

Was wondering if anyone has experience of the mortgaging bank's role in a Property Adjustment order on marriage breakdown. I am in the process of signing the family home over to my ex-wife in her sole name. The bank are saying they will have to fund a separate mortgage which will be on less beneficial terms ( ie not a…

03-02-2009 8:49pm

#1

danash

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Join Date: September 2005

Posts: 77

Was wondering if anyone has experience of the mortgaging bank's role in a Property Adjustment order on marriage breakdown. I am in the process of signing the family home over to my ex-wife in her sole name. The bank are saying they will have to fund a separate mortgage which will be on less beneficial terms ( ie not a tracker). As this will only increase my expense can they be ordered by a court to simply remove my name from the mortgage and continue the existing product. I am prepared to guarantee the payments as I am paying them anyhow in maintenance.

Any views or experience would be appreciated....

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#2 03-02-2009 9:18pm

Tom Young

Legal Moderators, Society & Culture Moderators Posts: 4,338 Mod ✭✭✭✭

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Solicitor.

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