Hi, About 18 months ago, my partner and I separated. At the time I was guarantor on a loan for her investment property which she has now moved in to. In the last 6 months I have been trying to get her to fill out a variation of loan form so I can ascertain what it will cost to remove me from her loan. Currently the loan is fixed and expires in November 2012. I have asked mutual friends to help, plus enlist my lawyer to persuade her to fill out the form, but she refuses to do so. My lawyer has indicated she is unable to force her to fill out the form.
I have also contacted RHG Home Loans who hold the loan and they indicated they are unable to do anything until they receive my ex's signature. In addition, when the loan was first taken out, it was with RAMS but now it is with RHG Home Loans. On the original documentation from RAMS, I am listed as guarantor but with RHG I am listed as a co-borrower. As far as I am concerned I should still be a guarantor and have not signed anything to say I was a co-borrower. Again, when I contacted RHG about this, I am not able to do anything on the loan without my ex's signature to do so, and it is apparent that will not happen.
So I am wondering what other avenues are open to me? Any suggestions will be greatly appreciated.
I have also contacted RHG Home Loans who hold the loan and they indicated they are unable to do anything until they receive my ex's signature. In addition, when the loan was first taken out, it was with RAMS but now it is with RHG Home Loans. On the original documentation from RAMS, I am listed as guarantor but with RHG I am listed as a co-borrower. As far as I am concerned I should still be a guarantor and have not signed anything to say I was a co-borrower. Again, when I contacted RHG about this, I am not able to do anything on the loan without my ex's signature to do so, and it is apparent that will not happen.
So I am wondering what other avenues are open to me? Any suggestions will be greatly appreciated.