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Going through a divorce. I live in the marital home and wife lives with her parents.
(1) Can my ex wife still take out a joint loan under both my names, say for example online? Would she still need my signature and consent before she is loaned the money.
If she does manage to do this, what steps should I take to ensure Im not liable for the debt.
(2) have a joint mortgage. found out today from provider that wife contacted them and gave them an alternative correspondence address. Can she do anything with the mortagage, like take more money out, without my consent?
(3) we have a joint account - can she close it and clear it out without my consent?
In answer to 1 & 2, no she can't do this without your signature. It might be worth making sure that the mortgage provider knows that you won't be increasing the mortgage, just in case,
With a joint account, generally you both sign allowing either one of you to act for the other, so she can certainly withdraw all funds (as can you) and I would think she can close the account. She may well be able to arrange an overdraft, so I would recommend that you close the account, or at the very least speak to your bank manager, and open your own account.
No to both 1 and 2 but yes to 3.
Withdraw the money in 3 immediately and close the account.
Depends on the Bank. Been trying to change accounts and close the joint account for years and Barely would not allow me to change the address or close/swith the account without her consent. Finally got it sorted a short while ago. I opened a savings account in my name only linked to the joint account and used that for ensuring bills were covered. Not that I ever even allowed her to have access or a bank card linked to it thank God.
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