chaning from a joint to single mortgage without secure finances?

[DChap]

Hi,

My partner and I have recently seperated (amicably!). We need to change from a joint 50/50 mortgage to a single mortgage. As she never contributed to the deposit, paid the mortgage or did the house up, she is fine with giving up her 50% share. Whats the best way to go about this?

Only snag, other than giving up years of happiness, is that my contracted employment runs out in March, and so I cant proove to my lender (Halifax) that I will be in a secure enough position to pay the mortgage, even if I get a new job before then.

Happy days!

[redcrx]

get to the bank quick and see if you can get a mortgage on your own. Or speak to current lender and see if they will allow you to take it on yourself.
Only mention the job if you are specifically asked about it.

[boxtops]

I agree with red - it's your lender who needs to be convinced, but your bank may also be able to help. Don't hang about.

[factor-fiction]

If you feel you will be able to continue paying the mortgage payments for a while, one option may be to say nothing to your mortgage provider for now, provided your expartner is happy to do this, and then if you get another job soon, you can tell them then. However there could be problems if you get behind on payments.
It's probably best to come clean and discuss it with your mortgage company