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A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.

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Transfer of equity & mortgage indemnity

  • 2012_abwode
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  • New Member
06 Aug 12 #347587 by 2012_abwode
Topic started by 2012_abwode

  • LittleMrMike
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  • Platinum Member
06 Aug 12 #347682 by LittleMrMike
Reply from LittleMrMike
The general idea would be a covenant on your part to '' use best endeavours '' to have him re;eased from the mortgage ;'' plus

An undertaking on your part to make the mortgage payments on time and in the prescribed manner ;

An undertaking to indemnify him against any financial losses due to failure to make the payments.

I don''t think this is rocket science and I would have thought, frankly, there would be a precedent for it available to the wiki solicitors who do Consent Orders. Heaven knows, it''s common enough.


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