I am on my sisters mortgage but not on the deeds, the payments of the mortgage have always come from my sisters account since the mortgage started. My sister has recently fallen into arrears (since redundancy in 2010) but has still maintained contact with the lender and paid 750 of a 1150 mortgage. Now the lender has been in contact with me in regard to the arrears, I want my name off the mortgage. Is there anything I can do?
1. I regret to say that the only way you can get your name off the mortgage is if the lender agrees to this course of action. Essentially, you made a grievous error here, in signing up to the liability of the mortgage without getting any benefit of the property being paid for. This is the situation even if the property was your sisters. Now you have the liability of the mortgage to bear, but no benefit from the property. This means that the lender can pursue for the arrears on your sister's mortgage. At this stage, if your sister has no job, no lender is going to allow you to come off the mortgage without the mortgage being repaid.
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