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Hi,jp here, I jointly own property thinking of going bankrupt

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J.P
Starting Member

1 Posts

Posted - 15 October 2011 : 22:02:27

Hi,jp here, I jointly own the property but i, m thinking of going bankrupt before leaving the contry. If I take my partner name off the mortgage, would she still be liable for the debt on the house or not?

Niobe
Administrator

United Kingdom
4590 Posts

Posted - 15 October 2011 : 22:42:18

Hi and welcome.

You may not be able to take your partners name off the mortgage as they will assess your ability to be able to pay it on your own.

You will both be liable for any joint debt even if it is included in your BR.

Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe

Jan
xxx

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