Mortgage advice-Letter of Consent

[R1gtr]

Hi Everyone, Looking for a bit of help here, I am currently in the process of separating from my Fiancee and we are doing things ourselves to save money, and we have agreed that I get the House and she gets the dogs, we are only a couple of years into the mortgage so not much equity there.

Anyway I contacted The Royal Bank to see if I could take on the Mortgage myself and have my ex removed, they said yes and sent me some forms to fill in (looks like i have to re-apply for a mortgage on my own) which I have done, but they are also asking for a letter of consent from my Ex.
I was wondering exactly what would need to be in this letter and can it be typed then signed? Does it need to be witnessed? My Ex is not very good at paperwork (beauty not brains ) so If anyone has any idea what is needed or has a draft I could use that would be brilliant.

Thanks in advance,
Andy

[Sarnie]

It will be something along the lines of;

"I give my consent to be removed from this mortgage. I confirm that will no longer hold any interest over the property and wish to be released from the mortgage and deeds at the earliest possible time. I confirm that no consideration is due to me due to there being no equity in the property."

If the lenders not requesting it to be witnessed then don't bother, although it won't hurt if you feel the need to.

[R1gtr]

Perfect, many thanks.

[therealpigdog]

If the house is registered in both your names (which I suspect it will be) then you should also organise for the property to be transferred into your sole name to avoid any headaches later on down the line.

I'd get this done by a suitable lawyer/conveyancer - went through the same situation myself a few years back and even though I could have done it myself still decided that paying was a better idea to make sure that it was done properly. The last thing I wanted was my ex turning up with some sort of claim over the property or needing her to sign something when I sold it.

[R1gtr]

therealpigdog said:

If the house is registered in both your names (which I suspect it will be) then you should also organise for the property to be transferred into your sole name to avoid any headaches later on down the line.

I'd get this done by a suitable lawyer/conveyancer - went through the same situation myself a few years back and even though I could have done it myself still decided that paying was a better idea to make sure that it was done properly. The last thing I wanted was my ex turning up with some sort of claim over the property or needing her to sign something when I sold it.

Hi, yeah I have my Solicitor onto that now, they are removing her from the deeds and I have the Mortgage paperwork all in order apart from the letter of consent but hopefully I can get her to write that this weekend.