- May 10, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Discovering a Surprising Joint Account
We were caught off guard today when we visited the bank for my husband’s identity check for our mortgage application. It turns out that he still has a joint savings account with his ex-partner from a mortgage they had a decade ago. They thought they had closed the account in 2016 when they switched mortgage providers and went their separate ways in 2020 after getting divorced. The balance in the account is minimal, likely just interest payments.
Now, the bank is telling us that since it’s a joint account, my husband can’t close it or remove his name without his ex’s signature. However, due to the acrimonious divorce, communication with her is difficult.
## The AI Legalese Decoder Solution
In a situation like this, the AI Legalese Decoder can be incredibly useful. By inputting the legal jargon and requirements from the bank related to this joint account, the AI Legalese Decoder can simplify and clarify the necessary steps to resolve the issue. It can provide guidance on how to approach the bank or legal professionals to navigate the closure or removal of my husband’s name from the account.
## Ensuring Mortgage Progression and Financial Stability
We are concerned about whether this unresolved joint account situation will impede the progress of our mortgage application. Can my husband have a joint account with me while still being tied to this account with his ex-partner? We are eager to find a solution to close the account or remove my husband’s name to avoid any complications in our financial arrangements. Any advice or insights on how to proceed would be greatly appreciated.
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FREE Legal Document translation
Savings accounts don’t link persons on credit reference agency files.
It’s only five quid, forget about it, or tell the ex to take it and close the account.
You can have as many bank accounts as you like with whomever you like.
It will have zero bearing on your mortgage application.
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