Barclays Bank Mortgage prisoner - the computer says no.

[Paul Walton]

This is a crazy one I'm trying to help a friend out with. I don't have all the details, but here goes.

 

12 years ago, my friend, let's call him Bill, was bankrupt. At the time, his house was in negative equity. His wife ran off with another woman, leaving him with two young girls. At the time, Bill did not get a clean break agreement, the logic being he did not have the money, and he had nothing left anyway!

 

12 years later, Bill wanted to get a better rate in his sole name, but the bank said no, you don't earn enough ( never missed a payment in 12 years!)

 

 They have some sort of court order saying she is not liable if Bill does not pay the mortgage.

 

Bill, as crazy as this sounds, in a situation where Barclays is refusing to put the mortgage in his sole name, his ex is saying if you don't take me off the mortgage, I will force you to sell the house, pay me my remaining £25k ( she despite not supporting their children for 12 years got half his pension - another story)

 

How can he force Barclays to take her name off and see how bonkers this situation is. £97k mortgage value circa £350k

[dx100uk]

it is a crazy situation to be in and seems a hard nut to crack without their permission.

but it seems she is willing to be removed?

so cant he get get her to agree it?

 

Can My Name Be Taken Off a Joint Mortgage Without My Permission?

WWW.CHARCOL.CO.UK

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Your ex can’t simply take your name off the joint mortgage or the title deeds without your knowledge or permission. We explain how they could go about...

 

[Paul Walton]

She won't budge until she gets the money, i.e. the £25k, he has had a letter from her solicitors saying to pay up by the end of May or we will force the sale even if it results in bankruptcy again. Common sense would think Barclays would see how ridiculous the situation is, but no. He would be paying less a month, due to the high rate he is stuck on ! he can raise the £25k  (Via pension and pay a chunk of tax) Could the FOS help?

 

It really is crazy