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partner left me with financial woes
jaks101
Posts: 82 Forumite
Hello,
I'm looking for some advice please. To cut a long story short here are the facts:
1) My partner left me for another woman, before he left he ran up a £4k credit card bill in my name (he was an additional card holder) on hotels and gifts for his new woman.
2) We have a joint mortgage, which sincehe walked out a year ago, has not paid a penny towards. This did leave me in financial difficulty, but luckily my parents helped me out. So I don't have any adverse credit.
3) I have hardly heard from him in the past 12 months, and when I do occasionally get through to him he is unwilling to even sign mortgage documents to change the mortgage to interest only in order to ease my financial burdon. He will not tell me what he wants with regards the house. I'm willing to write off the money he owes me for mortgage payments and also the debts he ran up in return for him signing over the house to me.
4) He says he doesn't care if the house were reposessed and is unwilling to fill out the necessary paperwork. He does not care about getting a bad credit rating. I know this to be true as i have had a few letters chasing debts for him that he has ran up in his own name since he left.
4)My home has little or no equity in it, if anything i will be in slight negative equity due to the current market. I want to take over the mortgage in my own name and don't want anything at all from him. I just want him out of my life for good.
How do I make him take action? I know I need legal advice but I thought I would start here.
How much is this likely to cost me? And how long is it likely to take?
What actions would a court normally take?
Any advice would be greatly appreciated.
Many thanks,
Charlotte
I'm looking for some advice please. To cut a long story short here are the facts:
1) My partner left me for another woman, before he left he ran up a £4k credit card bill in my name (he was an additional card holder) on hotels and gifts for his new woman.
2) We have a joint mortgage, which sincehe walked out a year ago, has not paid a penny towards. This did leave me in financial difficulty, but luckily my parents helped me out. So I don't have any adverse credit.
3) I have hardly heard from him in the past 12 months, and when I do occasionally get through to him he is unwilling to even sign mortgage documents to change the mortgage to interest only in order to ease my financial burdon. He will not tell me what he wants with regards the house. I'm willing to write off the money he owes me for mortgage payments and also the debts he ran up in return for him signing over the house to me.
4) He says he doesn't care if the house were reposessed and is unwilling to fill out the necessary paperwork. He does not care about getting a bad credit rating. I know this to be true as i have had a few letters chasing debts for him that he has ran up in his own name since he left.
4)My home has little or no equity in it, if anything i will be in slight negative equity due to the current market. I want to take over the mortgage in my own name and don't want anything at all from him. I just want him out of my life for good.
How do I make him take action? I know I need legal advice but I thought I would start here.
How much is this likely to cost me? And how long is it likely to take?
What actions would a court normally take?
Any advice would be greatly appreciated.
Many thanks,
Charlotte
0
Comments
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I know nothing of these things, but maybe a divorce would be a good carrot to dangle before the donkey. I think you can go down this route easily by mutual agreement - and it seems to offer the possibility of a property settlement being included.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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DVardysShadow wrote: »I know nothing of these things, but maybe a divorce would be a good carrot to dangle before the donkey. I think you can go down this route easily by mutual agreement - and it seems to offer the possibility of a property settlement being included.
OP didn't say they were married?
I don't have any words of wisdom i'm afraid, but I wish you luck getting it all sorted.Current debt: M&S £0(£2K) , Tesco £0 (£1.5K), Car loan 6K (paid off!) Barclaycard £1.5K (interest free for 18 months)0 -
yeah sorry i did not mention, i'm not married to him.0
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Your ex sounds like a real scumbag being so unreasonable - regardless of circumstances.
You need to visit a solicitor who can advise on a financial settlement and ways to move forward. They can give you 30 minutes of their time for a minimal/no charge.
I do think your ex is trying to hedge his bets by keeping the situation the same at home in case his new relationship doesn't work.
I only have experience of divorce and thank goodness my ex was very compliant with my requests for him to sign over the house in exchange for a portion of the value and I also was earning enough to do so. I did feel much better for seeing the solicitor - even with the inevitable cost.
Unfortunately, you will be liable for any debts in joint names - including the mortgage so it might be worth considering taking in a lodger to help with the payments.
Does he still have this credit card? I think you need to notify the card company and mortgage company in writing that your ex has abandoned his financial responsibilities, that you have no contact address for him and then request that the card limit is lowered to within a few pounds of the outstanding debt. Although there are no guarantees, the card company won't increase the limit without your permission/notification, at least if he tries to build up the debt again, you have proof that you have notified these organisations that the situation had changed. Also ask the credit card company if they will remove your name from the account once the balance is settled to prevent your being associated going forward with any debts outstanding on the account.
I would also have a notice put on your credit files with experian/equifax file to say that you no longer have a financial association with this person and are no longer living together and that you are endeavouring to resolve the communications and financial issues that have been caused by his refusing to honour the terms of the financial agreements. I suggest the solicitor can advise on best wording for this but more info is available here.
You won't be able to remove your financial association on your credit file whilst there are outstanding joint debts I am afraid. Ensure you keep all records of your payments on these joint debts in his absence so you can request that these are taken away from any mortgage settlement when this happens.
I am assuming you didn't put the conditions around writing off his debts in exchange for signing over the house to you/changing the terms of the mortgage in writing?
Is it possible to approach his parents to ask their assistance?
Thanks to MSE, I am mortgage free!0
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