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What Happens If We Have A Joint Mortgage, But One Of Us Wants To Leave?This area of the law is an extremely complex one – and it all depends on who is the legal owner of the property. You can read about this matter further on http://england.shelter.org.uk/advice/advice-469.cfmIn mortgage terms – if you have a joint mortgage you are both responsible for the monthly payments. If one of you moves out, the person remaining is responsible for the whole amount, and the lender is entitled to repossess the property to pay off the mortgage if necessary. If you find yourself having to face the mortgage payments alone then you need to get advice immediately. Contact a solicitor for advice on your rights and to work out your options, and keep your mortgage lender informed as you may need to negotiate new terms.
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