Chris The Lawyer : Hi and welcome. My first response will follow shortly. Please feel free to follow up if anything is not clear.
Chris The Lawyer : The bank has to consent to her name being removed, so the decision is up to them, and there is nothing you can do at present.
Chris The Lawyer : This means even if you want her off the title, this cannot be done until the bank agrees, which will happen when you reduce the amount you owe to the bank.
so if the bank doesn't agree to change of title, will the loan continue by default.
Chris The Lawyer : Yes, as long as the payments are kept up the bank will not care
and the ex will have to accept this..
Chris The Lawyer : She can force a sale if her share is worth something however
share is not worth much, house has been on sale and will continue until sold.
Chris The Lawyer : It may be possible to just wait until sale in that case
Chris The Lawyer : If you are trying to sell there is no point going to the expense of removing her name anyway
my thoughts too and the banks, only risk is she will
could try to force, but wants the point.
Chris The Lawyer : it will cost her a lot of money to force a sale! and drain the value to nothing
Hey Thanks Chris, most helpful.