I am currently divorcing. My wife is keeping the marital home. I have a home rights notice on the property. My wife has tried to remortgage to raise a settlement to buy me out of the property. Unfortunately the remortgage has been declined due to the home rights notice.
Has anyone encountered this problem? I would be grateful for any advice.
Yes, it''s a deadlock. You don''t want to give up your HR until you''ve got the money, she can''t give you the money until you release the HR.
The solution is a Consent Order. This ensures that both parties stick to their sides of the bargain. If you''ve got it in black and white and stamped by the court then you can release your HR, and if she welches on her side of the bargain, you can take her back to court and claim your costs of doing so.