Quote:
Originally Posted by wheelspin
Mortgage was paid off 11 years ago as was the one on the previous house.
The house has been for sale for 4 years but in this market no buyers.
She wants to buy me out for £120k I said no way am I leaving her in this house worth £235k while I have to find somewhere for 120k.
The kids are in their twenties and left home so she does not need this space anymore. Interestingly I have found out she may have exagerated her income by £200 pw and not disclosed her ability to blow the lot on clothes every month. I may have to tell her bank this.  |
In this case then your safe. By the sounds of it she's wanting to apply for a remortgage/transfer of equity (TOE) to buy you out and transfer the deeds into her name only.
She can apply for this but for anything to happen she would need solicitors to carry out the TOE. They cannot take your name off the deeds or proceed with the remortgage unless you sign all the legal paperwork.