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how to transfer joint mortgage to one name

  • 19-10-2010 1:59pm
    #1
    purple17
    Registered Users, Registered Users 2 Posts: 39 ✭


    Hi just need some advice please!
    My ex and myself bought a house 3 years ago under joint mortgage from ptsb.
    Since then we've had a baby and relationship has broken down 2 years ago. He moved out and i was left with mortgage as he refused to pay unless he was living there.
    Since then ive been on interest only mortgage, took some payment holidays etc until we came of the fixed rate - all paying by myself out of my own bank account + informed bank of this.
    Since mortgage switched to variable in Oct 2009 ive been paying full amount of mortage myself (capital + interest).
    Ive made ptsb aware that im paying on my own, ex wants nothing to do with house and requested to take it into my own name. They've refused saying on paper i cant afford mortgage by myself. I was advised to pay it for a year by myself to prove i can afford repayments and ive been doing that a year now.

    Just checking is it a long process involving solicitors to get house transferred to my name?
    Will bank still refuse to allow me to take on mortgage myself as earnings not sufficient?
    What if my ex refuses to sign it over to me? Is my only option then to sell and take on €100k negative equity (between both of us of course).
    I want to stay here as dont want to uproot mychild, close to my family and ive maintained + paid for house so far and only option would be to rent.
    What if he's looking to be bought out - i cant afford to give him anything - he paid half the mortgage for a year but i since have paid towards repairs, maintenance and furnishings etc.


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