Hello,
Good day to you all, need some advice on selling a house, spoke to mortgage advisors cms and oak hill relating to raising capitol, my business partner has normal residential mortgage which we need to raise capitol from. BUT my partners ex husband is not complying to court order and refuses to sign ANYTHING despite court awarding soul possession to my partner including all proceeds of the sale to her, Here?s the rub, cannot remortgage a BTL or raise capitol without HIS consent. He has the IR chasing him for 50k and is obvious where they will come looking when he declares insolvent ! So the upshot is we cannot refinance but can only sell, we are now bereft of ideas and if no realistic solution can be found then property up for sale 245k 10.08% yield I understand that is a VERY good yield and want to keep but better take money and get two props and start over... any other alternatives people ???
Thanks
Andy