Ok, well at the moment i'm splitting up with my gf..... all very sad etc..
Now we have a house together, which having bought 5 years ago, is pretty likely to have no, or more likely negative equity :/
So, i'm just wondering if any of you know what the deal is here.... Lets say that the house is worth 10k less than what we owe.. Obviously if we sell it, we will have to find 10k between us to pay off the mortgage... Which doesn't sound too attractive
Now i could afford to take it on myself, but if i go to Santander and ask to get her taken off the mortgage, does it just carry on as before, or do they make you take out a new mortgage? As obviously they're not gonna lend me 105% of the value of the house? :/
FML