A joint mortgage makes both of you liable for the whole debt, not half each. That single fact drives most of the difficult decisions.
Options
- Sell and redeem the mortgage from the proceeds.
- Transfer of equity with a release of the outgoing borrower, subject to affordability.
- Keep the joint mortgage temporarily with a written agreement on payments.
- Port the mortgage to a new property if the lender allows.
If payments are a struggle
Speak to the lender early. Payment arrangements are far better than arrears, which harm both credit files and reduce your options later.
This article is general information about the law of England and Wales, not legal advice. For advice on your situation, speak to a solicitor.