I have separated from my partner and he has seen a lawyer. My main concern is getting my name off the house and personal loan. The lawyer has sent me a 2nd agreement saying "If you are agreeable to the client's offer, he proposes to refinance the mortgage into his sole name".
If I sign this and send it back, does that mean this is a definite thing and my name will be removed? What happens if the bank says no to refinancing? Am I then stuck with the loans in my name and have no legal leg to stand on because I have signed this agreement?
I thought he has to prove refinance can be done before I sign the final document that will be sent to court.
Thanks for your help.
If I sign this and send it back, does that mean this is a definite thing and my name will be removed? What happens if the bank says no to refinancing? Am I then stuck with the loans in my name and have no legal leg to stand on because I have signed this agreement?
I thought he has to prove refinance can be done before I sign the final document that will be sent to court.
Thanks for your help.