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    • richy4
    • By richy4 17th May 17, 9:28 PM
    • 145Posts
    • 26Thanks
    richy4
    Ex forcing sale of shared property with deliberate IVA
    • #1
    • 17th May 17, 9:28 PM
    Ex forcing sale of shared property with deliberate IVA 17th May 17 at 9:28 PM
    Asking on behalf of a friend:

    My friend lives in a property which she is on the mortgage with her ex. They bought several years ago. He contributed only towards furniture and solicitors fees on initial purchase. While he lived in the property, he paid half the mortgage payments.

    Will this affect her credit rating in the future?

    Thanks for any replies or advice in advance!
    Last edited by richy4; 23-12-2017 at 3:38 PM.
Page 2
    • richy4
    • By richy4 18th May 17, 6:34 PM
    • 145 Posts
    • 26 Thanks
    richy4
    Thank you so much again for your replies, much appreciated especially the detail.

    Someone asked for a bit more clarity of the situation, the context is they were jointly on the mortgage and all documents since purchase several years ago. No children involved and not married.

    Ideally, she would like to keep solicitors out of the equation as currently she does not know if her ex is actually bluffing or if this is actually serious.

    One point I'd like to re-confirm is that if the ex's IVA goes ahead, he will most likely try to get equity from the shared ownership of the flat. If my friend totally refuses to allow this, can she actually do this and flat out refuse? And if so, does the flat still enter into the IVA despite no equity or money getting involved. So the flat is still an asset which no one can do anything with for the length of the IVA?
    Last edited by richy4; 23-12-2017 at 3:39 PM.
    • AnotherJoe
    • By AnotherJoe 18th May 17, 7:33 PM
    • 7,870 Posts
    • 8,460 Thanks
    AnotherJoe
    Thank you so much again for your replies, much appreciated especially the detail.

    Someone asked for a bit more clarity of the situation, the context is they were jointly on the mortgage and all documents since purchase several years ago. No children involved and not married.

    Ideally, she would like to keep solicitors out of the equation as currently she does not know if her ex is actually bluffing or if this is actually serious.

    .
    Originally posted by richy4
    I'll repeat myself
    She needs to see a solicitor (this half a***d approach has got her into this mess in the first place)
    • zagubov
    • By zagubov 18th May 17, 9:36 PM
    • 15,060 Posts
    • 128,683 Thanks
    zagubov
    I'll repeat myself
    She needs to see a solicitor (this half a***d approach has got her into this mess in the first place)
    Originally posted by AnotherJoe
    ^^^^^^^^^^^^
    What AnotherJoe said!
    There is no honour to be had in not knowing a thing that can be known - Danny Baker
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